condor13 Jan 2022 19:05
Mark Child
Jim Mellon
Kate Harcourt
Andrew Cheatle
David Crawford
Jeffrey Karoly
Other employees and consultants
1,000,000
300,000
150,000
300,000
250,000
300,000
1,025,000
In August 2018 the Company established an Enterprise Management Incentive Scheme
(the “EMI Scheme”) as a sub-plan within the framework and in accordance with the rules
of the Share Option Scheme. The EMI Scheme is open only to employees of Condor
Gold plc. Of the 2019 Options, 300,000 were awarded through the EMI Scheme.
The 2019 Options have an exercise price of 22 pence per share, representing a premium
of approximately 13% to the closing mid-market price on AIM on 12 July and are
exercisable for a period of 5 years from the Grant Date, with the restriction that no options
can be exercised within 12 months of the Grant Date, only up to 50% of the said options
can be exercised in the following 12 months and, thereafter, 100% of the said options