Business
Grant of LTIP options
SIMEC Atlantis Energy Limited (SAE) announced the grant of 25,575,036 long-term incentive plan (LTIP) options to executive directors and a person discharging managerial responsibilities (PDMR) on August 18, 2025. The options, with an exercise price of 2.65p, are exercisable for a maximum of 10 years. 14,456,247 options vest on the third anniversary of the grant date, while 11,118,789 vest in three equal annual installments. The breakdown of options granted is as follows: Graham Reid (CEO) received 10,699,341 options; Simon Hirst (CFO) received 7,178,979 options; and David Taaffe (COO, PDMR) received 7,696,716 options. Following the grant, the total number of ordinary shares outstanding under the Company's LTIP is 57,793,877, representing 7.8% of the issued share capital. Disclaimer*
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n\n \n19 August 2025\n\n \nSIMEC Atlantis Energy Limited\n(\"SAE\", the \"Company\" or, together with its subsidiaries, the \"Group\")\n \nGrant of LTIP options\n \nSAE announces that options have been granted to executive directors under the Company's long-term incentive plan (\"LTIP\").\n \nOn 18 August 2025, under the terms of the Company's LTIP, adopted on 3 January 2024, the Board approved the award and grant of, in aggregate, 25,575,036 options over ordinary shares in the Company (\"LTIP Options\") to the executive directors and a person discharging managerial responsibilities (\"PDMR\"), as follows:\n \n\n\n\n\nLTIP Options Awarded\n\n\n \n\n\n \n\n\n \n\n\n\n\nName\n\n\nPosition\n\n\nVesting in three equal annual instalments\n\n\nVesting on the third anniversary of the grant date\n\n\nTotal resultant Options held\n\n\n\n\nGraham Reid\n\n\nCEO\n\n\n4,916,842\n\n\n5,782,499\n\n\n29,525,427\n\n\n\n\nSimon Hirst\n\n\nCFO\n\n\n2,842,105\n\n\n4,336,874\n\n\n20,552,892\n\n\n\n\nDavid Taaffe\n\n\nCOO (PDMR, non-Board)\n\n\n3,359,842\n\n\n4,336,874\n\n\n20,154,687\n\n\n\n\n \nThe LTIP Options have been granted subject to continued employment. 14,456,247 of the options will vest on the third anniversary of the grant date. The balance of 11,118,789 options will vest in three equal annual instalments commencing on the first anniversary of the date of grant. There are no further performance conditions. The options have an exercise price of 2.65p based on the closing price of the shares for the last dealing day immediately prior to the date of grant and will be exercisable for a maximum period of 10 years.\n \nFollowing the grant of the above Options, the total number of Ordinary Shares outstanding under the Company's LTIP is 57,793,877, representing 7.8% of the Company's issued share capital.\n \n \nFor further information, please contact:\n \n\n\n\n\nSAE\nSean Parsons, Director of External Affairs\n\n\n+44 (0)7739 832 446\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited (Nominated and Financial Adviser)\nRichard Johnson\nRory Murphy\nDavid Asquith\n\n\n+44 (0)20 7409 3494\n\n\n\n\n \n\n\n \n\n\n\n\nZeus Capital Limited (Broker)\nLouisa Waddell\nSimon Johnson\n \n\n\n+44 (0)20 3829 5000\n\n\n\n\n \nNotes to Editors\nSAE is a global developer, own...