Business
Grant of Options - Directors/PDMRs Shareholdings
Grant of Options - Directors/PDMRs Shareholdings.
About this update from Bezant Resources Plc
[{"type":"text","content":"\n\n15 March 2024\nBezant Resources Plc\n (\"Bezant\" or the \"Company\") \nGrant of Options and Directors / PDMRs Shareholdings\n \nBezant (AIM: BZT), the copper-gold exploration and development company, announces that, in aggregate, 447.5 million options over ordinary shares of 0.002 pence each in the capital of the Company (\"Ordinary Shares\") have been granted pursuant to the Executive Share Option Scheme approved at the Company's Annual General Meeting (\"AGM\") held on 22 June 2018 (the \"Options\"). Of the 447,500,000 Options, 170,000,000 have been awarded to directors of the Company, 125,000,000 to non-director PDMRs as detailed further below and the balance of 152,500,000, to other eligible participants.\n \nSummary of the Options awarded:\n \n\n\n\n\nTotal number of options:\n\n\nA total of 447,500,000 Options have been awarded.\n\n\n\n\nExercise prices & vesting criteria:\n\n\n223,750,000 Options have an exercise price of 0.06 pence per Ordinary Share and the balance of 223,750,000 Options have an exercise price of 0.08 pence per Ordinary Share.\n \nThe last award of Options by the Company was in November 2020 (\"November 2020 Award\"). Options awarded to existing option holders will vest upon a material corporate event as determined by the remuneration committee (\"Corporate Event\") but would include a change of control, sale of a project, granting of a mining licence at the Company's Hope and Gorob project in Namibia, obtaining of financing for the proposed mine at Hope and Gorob and similar events. The Options awarded to persons who do not already have options and who did not participate in the November 2020 Award have vested immediately.\n \n\n \n \n \n\n\n\n\nPurpose of options:\n \n\n\nTo incentivise and retain directors, officers, consultants and employees critical to ...