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Under the terms of his service agreement, Adam Wilson (Chief Executive Officer of the Company) is entitled to participate in this option scheme up to a maximum of 3 per cent. of the Company’s issued share capital on Admission and as such he has been granted, conditional on Admission, 10,500,000 options over Ordinary Shares. The options have an exercise price of 5 pence (being a 50 per cent. discount to the Placing Price).
Under the terms of an agreement between the Company and Bob Warnick (Director of Financial Planning and Office Administrator of BC Operations) he is entitled to participate in this option scheme up to a maximum of 1 per cent. of the Company’s issued share capital on Admission and as such he has been
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granted, conditional on Admission, 3,500,000 options over Ordinary Shares. The options have an exercise price of 5 pence (being a 50 per cent. discount to the Placing Price).
The options granted to Adam Wilson and Bob Warnick will vest on satisfaction of the following thresholds:
Percentage increase of share price above Placing Price
100% 200% 300%
% Adam Wilson’s and Bob Warnick’s options which vest
33% 33% 34%
The performance conditions are related to the volume-weighted average price of the Ordinary Shares on 10 consecutive trading days.
https://www.proactiveinvestors.co.uk/companies/amp/news/965696
https://www.londonstockexchange.com/news-article/BEN/director-pdmr-shareholding/15201006
https://www.metalbulletin.com/Article/4014715/coking-coal/Seaborne-coking-coal-prices-relatively-stable-no-trades-reported.html
To the derampers out there this morning. Met coal prices look sky high to me. Hope no one fell for that one this morning!
https://twitter.com/zakstraderscafe/status/1454754981702217736?s=21
Sunday roast out another agreement with a second loader will double out put. Giving market cap around 400m :)
Coal prices still going up!
https://www.metalbulletin.com/Article/4013980/coking-coal/COKING-COAL-DAILY-Premium-cfr-price-softens-after-China-customs-clears-stranded-Australian-coal.html