Reabold Resources plc has awarded 96,016,810 nil-cost share options to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan.
On 6 June, co-chief executive officers Sachin Oza and Stephen Williams each received 36,839,030 awards and chief financial officer Chris Connolly received 22,338,750.
The awards represent 50% of the total 2023 annual bonus value, required to be deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the company.
The nil-cost options become exercisable from the third anniversary of the grant date, subject to the terms and conditions of the plan.