Business
Share Options Scheme & Director Shareholdings
Share Options Scheme & Director Shareholdings.
About this update from Emmerson Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Emmerson PLC / Ticker: EML / Index: AIM / Sector: Mining\n \n \n \n 22 July 2022\n \n \n \n Emmerson PLC (\"Emmerson\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Approval of Employee Share Option Scheme, Grant of Share Options and Allotment of Shares to Directors/PDMRs\n \n \n \n \n \n \n \n \n Emmerson, which is developing the world class Khemisset Potash Project in Morocco, is pleased to make the following announcements:\n \n \n \n \n \n \n \n \n Approval of Employee Share Option scheme\n \n \n \n \n \n \n \n \n As part of ongoing enhancements to corporate governance and remuneration, the Company yesterday adopted an Employee Share Option scheme. This scheme provides a framework for the award of future share options to eligible employees, and will include awards to be made, where appropriate, under the HMRC-approved Enterprise Management Incentive scheme.\n \n \n \n \n \n \n \n \n Award of Share Options\n \n \n \n \n \n \n \n \n On 21 July 2022, 6,013,000 share options were granted to employees and eligible contractors, including the CEO Graham Clarke (a PDMR) at an exercise price of 7 pence per share (the mid-market close price at the day prior to the award) as per the following table:\n \n \n \n \n \n \n \n \n \n \n Director / Senior Management\n \n \n \n \n \n \n New Options\n \n \n \n \n \n \n Exercise price\n \n \n \n \n \n \n Grant date\n \n \n \n \n \n \n Vesting Date\n \n \n \n \n \n \n \n Graham Clarke\n \n \n \n \n 1,821,000\n \n \n \n \n 7 pence\n \n \n \n \n 21 July 2022\n \n \n \n \n 20 July 2024\n \n \n \n \n \n \n Other staff and contractors\n \n \n \n \n 4,192,000\n \n \n \n \n 7 pence\n \n \n \n \n 21 July 2022\n \n \n \n \n 20 July 2024\n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n 6,013,000\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 \n \n \n \n \n These awards were made in recognition of performance during 2021. Following these awards, Graham Clarke holds 19,321,000 share options.\n \n \n \n \n \n \n Allotment of New Ordinary Shares to Directors\n \n \n \n \n \n \n As part of their remuneration package as Non-executive Directors, Rupert Joy and James Kelly are entitled to receive shares to the value of £10,000 and £20,000 ...