Power Metal Resources plc granted options over 77.5 million new ordinary shares of 0.1 pence each in the company to certain directors and staff. The options for new ordinary shares are at an exercise price of 1.50p with a life of five years from 1 August 2023, with a one-year vesting period. Certain board directors received a […]
Tag: directors
Prospex awards total 4.2m share options
Prospex Energy plc awarded a total 4,200,000 share options in the company to directors and staff following the start of gas production from the Podere Maiar-1 well in Italy. PREMIUM The options at 7p per share represent an 11.1% premium to 6.3p, the closing price on 26 July 2023. The awards represent 1.43% of the […]
Caerus ex-directors return 4.9m shares
Caerus Mineral Resources plc’s investigation into “certain actions and commercial decisions by previous management” will see 4.9 million shares returned and 10m warrants cancelled. GOVERNANCE The company will also focus on its alliance with cornerstone investor EV Metals Group (EVM), and rebuild shareholder confidence. Chairman Christoper Lambert said in a statement today that he remained […]
Chesterfield grants 2.2m options to directors-PDMRs
Chesterfield Resources plc has issued certain directors, employees and consultants with options over a total of 2,200,000 ordinary shares of 0.1p each. INCENTIVE The options will vest immediately and expire five years from the date of issue with an exercise price of 11p. Executive directors Martin French and Ajay Kejriwal received 750,000 and 350,000 options respectively; PDMR […]
Deltic grants 34m share options
Deltic Energy plc has granted options over a total of 34 million ordinary shares in the company to its directors, senior management and employees. DIRECTORS The options, granted at an exercise price of 2.05 pence each, are in accordance with the company’s enterprise management incentives plan and subject to certain share price performance criteria. Chief […]
Hurricane faces call to remove several directors
Hurricane Energy plc said that one of its shareholders had called for the removal of five board directors. REVIEW The company has received a requisition notice from Crystal Amber Fund Ltd for a general meeting to vote on removing five directors. These include chairman Steven McTiernan, senior independent director Dr David Jenkins, and independent non-executive […]