RNS17 Jan 2023 10:50
Tue, 17th Jan 2023 10:34
RNS Number : 9906M
Clontarf Energy PLC
17 January 2023
17 January 2023
Clontarf Energy plc
("Clontarf" or "the Company")
Grant of Share Options
Clontarf Energy plc (AIM: CLON) is pleased to announce that the following long-term, incentive share options have today been granted over, in aggregate, 160,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") (the "Options").
The Options vest immediately, have an exercise price of 0.0725p and an expiry date of 16 January 2030. The exercise price represents a premium of c. 4% to the closing price on 16 January 2023, being the last trading day before the award of the Options.
The Options have been awarded as follows:
Director/PDMR
Number of Share Options Granted
David Horgan, Chairman
60,000,000
Peter O'Toole, Non-Executive Director
40,000,000
James Finn, Financial Director and Company Secretary
40,000,000
Dipti Mehta, Financial Controller
20,000,000
Following the grant of Options, a total of 200,500,000 long-term, incentive options are outstanding, representing approximately 4.59% of the Company's issued share capital as enlarged by the fundraising announced on 16 January 2023.
ENDS