Business
Issue of Options and Performance Shares
Issue of Options and Performance Shares.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 8657I\n IronRidge Resources Limited\n 17 August 2021\n \n \n \n \n 17 August 2021\n \n \n \n \n \n IronRidge Resources Limited\n \n \n Issue of Options and Performance Rights\n \n \n \n \n \n Further to the announcement on 23 July 2021, IronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') confirms that shareholders, at the Company's Extraordinary General Meeting today, have approved and the Company has issued the following unlisted Options and Performance Rights as detailed below to the CEO Mr Vincent Mascolo. \n \n \n \n \n \n Unlisted Options\n \n \n \n \n \n Number of Options Strike Price Term to Expiry\n \n \n \n \n \n 4,000,000 30 pence 18 August 2023\n \n \n 5,000,000 40 pence 18 August 2023\n \n \n 6,000,000 50 pence 18 August 2023\n \n \n \n \n \n Unlisted Performance Rights\n \n \n \n \n \n Number of Performance Rights Maturity Price Term to Expiry\n \n \n \n \n \n 450,000 30 pence 18 August 2023\n \n \n 450,000 35 pence 18 August 2023\n \n \n 450,000 40 pence 18 August 2023\n \n \n 450,000 45 pence 18 August 2023\n \n \n 450,000 50 pence 18 August 2023\n \n \n 450,000 55 pence 18 August 2023\n \n \n 450,000 60 pence 18 August 2023\n \n \n 450,000 65 pence 18 August 2023\n \n \n 1,000,000 70 pence 18 August 2023\n \n \n 1,500,000 75 pence 18 August 2023\n \n \n 2,000,000 GBP1.00 18 August 2023\n \n \n \n \n \n The Maturity Price condition triggers the vesting of the Performance Rights to fully paid ordinary shares and is based on a 15 Trading Day Volume Weighted Average Price (\"VWAP\") metric for each tranche of Performance Rights.\n \n \n \n \n \n As also noted in the announcement on 23 July 2021, \n the Company has allotted the following unlisted Options and Performance Rights to Chief Operating Officer Mr Len Kolff.\n \n \n \n \n \n Unlisted Options\n \n \n \n \n \n Number of Options Strike Price Term to Expiry\n \n \n \n \n \n 3,000,000 30 pence 18 August 2023\n \n \n 4,000,000 40 pence 18 A...