RE: Crazy week incoming .8 Jul 2024 06:04
MasksNewNorm - rns of 1 July, they've just awarded themselves share options to purchase at strike price, so what's your problem?
"Award of Share Options to Directors and Management
The Board of Helium One recognises the exceptional performance of members of the management and executive team in delivering the project through to the planned EWT that is due to commence in July 2024.
To additionally incentivise management, the Board has resolved to issue 259,000,000 options to acquire ordinary shares at a strike price of 1p to management and Board members. "
All directors' options vest over a two-year period in three equal tranches being; ⅓ on grant, ⅓ 12 months from the date of grant, and ⅓ 24 months from the date of grant