Reabold Resources plc granted executive and senior management nil cost options over a total 390,000,000 ordinary shares of 0.1p each, in line with its new 2023 long term incentive plan.
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The awards represent 4.25% of the company’s issued share capital.
The company said that all previous share option plans had expired on 19 March 2023.
Co-chief executive officers Sachin Oza and Stephen Williams each received 150m ordinary shares and chief financial officer Chris Connolly received 90m.
The awards are subject to vesting criteria based on total shareholder return over a three-to-five-year period.