RE: So what's the reason for todays's drop17 Jun 2021 12:56
Ironveld plc announces that on 10 January 2020 the Company's Remuneration Committee granted options to Martin Eales, Chief Executive Officer, over 27,400,000 new ordinary shares of 1 pence each, representing 4.18 per cent of the current issued share capital of the Company, under the Long Term Incentive Plan approved at the General Meeting held on 15 August 2012.
The options have an exercise price of 1 pence and vest in two equal tranches: 50 per cent immediately and 50 per cent 12 months following the award. The options expire on the 10th anniversary of the grant.