Business
Award of long-term incentives
Award of long-term incentives.
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n \nRNS Number : 2528B Caspian Sunrise plc 05 June 2019 \n\n \n5 June 2019\n \nCaspian Sunrise PLC\n \n(\"Caspian Sunrise\" or the \"Company\")\n \nAward of long-term incentives\n \nThe board of Caspian Sunrise PLC are pleased to announce the following long-term incentive awards\n \nUnder the existing 2008 Share Option Scheme new options awards are made as follows:\n \nEdmund Limerick 1,000,000 options exercisable at 20p per share\nTim Field 1,000,000 options exercisable at 20p per share \n \nThese options to be exercised before 5 June 2029.\n \nThe option position of the Caspian Sunrise board following these option awards is as follows:\n \n\n\n\n\nName\n\n\n4p\n\n\n12p\n\n\n13p\n\n\n20p\n\n\nTotal\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nClive Carver\n\n\n2,400,000\n\n\n538,264\n\n\n750,000\n\n\n3,000,000\n\n\n6,688,264\n\n\n\n\nKuat Oraziman\n\n\n \n\n\n269,132\n\n\n3,090,000\n\n\n3,000,000\n\n\n6,359,132\n\n\n\n\nEdmund Limerick\n\n\n \n\n\n200,000\n\n\n750,000\n\n\n1,750,000\n\n\n2,700,000\n\n\n\n\nTim Field \n\n\n \n\n\n \n\n\n \n\n\n1,000,000\n\n\n1,000,000\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n2,400,000\n\n\n1,007,396\n\n\n4,590,000\n\n\n8,750,000\n\n\n16,747,396\n\n\n\n\n \nFollowing the options awards the total number of shares under option to the board, is 16,747,396 representing 0.9% of the total shares currently in issue, with the total number of shares under option being 21,347,396 representing 1.2% of the total number of shares in issue.\n \nExecutive directors\n \nThe board are also pleased to announce the award of ten-year, cash-based incentive awards ('Executive Director Incentive Scheme') as follows:\n \nThat Clive Carver, Executive Chairman, and Kuat Oraziman, Chief Executive Officer, be entitled to receive cash payments to be triggered by t...