Options19 May 2018 10:51
Incentive for the directors to raise the price to more than 60p before expiry in August 2020.
The Board of SolGold plc (SolGold or the Company) wishes to advise of the grant of a combined total of 46,762,000 unlisted share options over ordinary shares of the Company, including:
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(i)�� 36,750,000 share options to Directors (or their nominees) following approval granted by shareholders at the Company's AGM on 28 July 2017;
(ii)� 10,000,000 share options to its two key geologists; and
(iii) 12,000 share options to a third party as part of the capital raising fees for the Company's last equity placement.
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All of the share options have a strike price of 60 pence, and expire on 8 August 2020.� The share options for Directors and the geological executives have a vesting period of 18 months unless triggered by a change of control transaction.