Done and dusted30 Mar 2021 10:17
According to the last RNS
The Company’s practice over many years was to make an annual allocation of options at the end of each calendar
year. However, allocations in recent years were deferred pending the announcement that the project financing was
proceeding for the Company’s Tulu Kapi Gold Project.
The Option Scheme and the Company’s approach to remuneration generally is designed to align the interest of senior
management with those of shareholders and to promote the retention of the Company's senior management team.
The senior executive team of KEFI has indicated its intention to remain with KEFI for a minimum of three years so as
to oversee the Tulu Kapi Gold Project’s physical development, the organisational development in Ethiopia for the startup of production at Tulu Kapi and the aggressive pursuit of the Company’s pipeline of other projects at various stages
of exploration, notably the exploration of satellite targets in the Tulu Kapi district, as well as the exploration in Saudi
Arabia, in particular the discoveries at Hawiah (gold and copper) and Jibal Qutman (gold).