Business
Issuance of LTIPs
Issuance of LTIPs.
About this update from Arc Minerals Limited
[{"type":"text","content":"\n\n7 April 2025, 07:30 UTC\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information will be in the public domain.\n \nArc Minerals Ltd\n('Arc' or the 'Company')\nIssuance of LTIPs\n \nArc Minerals (LSE: ARCM), announces the award of long term incentives to the board and senior management.\n \nLong Term Incentives\nFollowing a 5-year period during which the Company did not issue any options or share awards to management, the Board has deemed it appropriate to approve equity incentives to ensure that management is aligned with shareholders' long-term interests. The Board has approved the issuance of a combination of restricted stock units and share options, equating to 5.5% of the issued share capital (being 3% of the issued share capital in respect of LTIPs issued to directors).\nThe Restricted Stock Units (\"RSUs\") granted to the executive director and senior management are performance-based, will have a five-year term, and will vest in three equal tranches subject to the achievement of share price targets of 2.5p, 4p, and 6p over a three-year period, with the following additional performance-based acceleration milestones:\n \n- in relation to the Anglo JV, Anglo exercising their option to accelerate Phase 1; or\n- a Zambia Discovery, defined as a new resource where at least three holes drilled each assayed more than 50m% CuEq. (100m @ 0.5% Cu; 25m @ 2% Cu); or\n- a Botswana Discovery, defined as a new resource where at least three holes drilled each assayed more than 25m% CuEq. (10m @ 2.5% Cu).\n \nIn addition, share options over ordinary shares in the Company (\"Options\") will be issued to directors and senior management as set out below. The Options will have an exercise price of 2.5p, will vest equally over three years and will be exercisable at any time after vesting and during the term of five years.\n\nThe RSUs and Options have been awarded as follows:\n \n\n\n\n\n\n\n\n\n\n\nRestricted Stock Units\n\n\nShare\nOp...