Grant of Options
Following the successful completion of the Company's initial investment strategy, substantial progress with its major investment in
The Options awarded in three separate schemes, and represent a key component of the Company's long-term incentive plan. A portion of the Options are exercisable immediately and the remainder are only exercisable following the closing price of the ordinary shares being at 5p or higher for 5 consecutive trading days. Subject to this condition, all Options can be exercised at any time in the next three years.
The options issued to the directors and PDMR's of the Company, are set out below:
|
Options Awarded |
Exercise price of 1p per share with immediate unconditional vesting |
Exercise price of 1p per share vesting once the shares have closed at 5p or higher for 5 consecutive trading days |
Exercise price of 1.1p per share vesting once the shares have closed at 5p or higher for 5 consecutive trading days |
Total options now held |
|
6,701,663 |
971,663 |
4,438,000 |
1,292,000 |
7,381,875 |
|
3,783,614* |
20,196 |
2,327,418 |
1,436,000 |
4,325,340 |
|
3,783,614 |
20,196 |
2,327,418 |
1,436,000 |
4,325,340 |
Other personnel |
5,023,458 |
422,154 |
4,601,500 |
|
6,918,910 |
Total |
19,272,349 |
1,434,209 |
13,694,336 |
4,184,000 |
22,951,465 |
*The options awarded to
* * ENDS * *
For further information visit www.prospexoilandgas.com or contact the following:
|
|
Tel: +44 (0) 207 887 1461 |
|
|
Tel: 0113 394 6600 |
|
|
Tel: +44 (0) 207 382 8300 |
|
Peterhouse Corporate Finance Peterhouse Corporate Finance |
Tel: +44 (0) 207 469 0932 |
|
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Tel: +44 (0) 20 7236 1177 |
This information is provided by RNS