Star Energy Group plc has issued 370,000 nil cost options over ordinary shares under under the company’s executive incentive plan.
Chief executive officer Chris Hopkinson and chief finance officer Frances Ward each received 185,000 awards.
The awards will vest and become exercisable one year after the date of grant of the options, 14 September 2023, subject to continued employment.
The awards will vest on the condition that a share price of at least 15p is achieved.
Star Energy has a long-term incentive plan to certain directors, senior management and other key employees of the group.