Sunda Energy plc has awarded share options over an aggregate 975 million ordinary shares of 0.025 pence each in the company to certain directors, senior management, employees and a consultant.
DIRECTORS
The options, with an exercise price is of 0.0725 pence per ordinary share, are granted under an HMRC approved enterprise management incentive plan and an unapproved share option plan.
The options have a ten-year life from the date of grant.
Chief executive officer Dr Andrew Butler received 425m unapproved options and now holds 600m.
Chief financial officer Robert Collins received 300m EMI options.
An aggregate 250m new options were granted to certain other members of senior management, employees and a consultant at the same exercise price.
Outstanding option awards number 2,332,500,000 representing 9.14% of Sunda’s existing issued share capital of 25,510,783,788 ordinary shares.