RE: DMTR((THE FUTURE)28 Feb 2021 15:48
I'm looking forward to seeing Mr Benson cashing his 20p shares!
5,000,000 ordinary shares have been granted to Fraser Benson, Chief Financial Officer, under the Share Option Plan 2017 ("Options"). The exercise price of the Options is 2.5p, aligned with those issued to the management team in 2019 under the same scheme. Provided Fraser Benson remains an employee, his options vest over 36 months starting from 1 February 2021 subject to the specific share price triggers set out in the table below being reached. All unexercised options lapse after 10 years from the date of grant.
Share Price Trigger (ยฃ)
Number of plan shares in respect of which the Options may be exercised
None 1,666,656
0.04 1,111,112
0.06 277,778
0.08 277,778
0.10 277,778
0.12 277,778
0.14 277,778
0.16 277,775
0.18 277,778
0.20 277,775