Business
Grant of Options and Restricted Share Units
Grant of Options and Restricted Share Units.
About this update from Mineral And Financial Investments Ltd
[{"type":"text","content":"\n \n \n \n MINERAL & FINANCIAL INVESTMENTS LIMITED\n \n \n \n \n Grant of Options and Restricted Share Units\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n GEORGE TOWN, CAYMAN ISLANDS, June 10, 2022 -\n \n Mineral and Financial Investments Limited (LSE-AIM: MAFL)\n (\"M&FI\" or the \"Company\")\n is an London Stock Exchange AIM quoted Investment company focused on natural resource investments with an focus on mining and mineral sector\n by providing investment, financing and advisory services to its investee companies,\n announces the grant of options and Restricted Share Units (\"RSU\") to certain officers, directors, and consultants under its 2021 Option Scheme (the \"2021 Option Scheme\") and the 2021 Restricted Share Unit Scheme (\"2021 RSU Scheme\"). Full details are set out in the Company's 2021 Annual General Meeting (\"AGM\") documentation and were approved by the shareholders of the Company at the past AGM.\n \n \n \n Issue of Options\n \n \n \n The Company confirms that 2,350,000 options were granted to certain directors and consultants today in recognition of both past performance and to align shareholder and executive management interests. All options are exercisable at a price of 13.5p per ordinary share, which represents a 15% premium to the closing mid- market price on 9 June 2022; and vest in three tranches being (i) a third which vest today (\"Tranche 1 Options\"); a third which vest of the date being 12 months from the date of issue (\"Tranche 2 Options\"); and a third which vest of the date being 24 months from the date of issue (\"Tranche 3 Options\").\n \n \n The options can be exercised at any time from the date of vesting for a period of 5 years whilst the recipient remains an employee of the company.\n \n \n The details of the PDMR's receiving options are set out below.\n \n \n \n \n \n \n \n Name of PDMR\n \n \n \n \n \n Number of Tranche 1 Options\n \n \n \n \n Number of Tranche 2 Options\n \n \n \n \n Number of Tranche 3 Options\n \n \n \n \n Previous Options held\n \n \n \n \n Total Options held\n \n \n \n \n \n \n Jacques Vaillancourt (CEO)\n \n \n \n \n 333,333\n \n \n \n \n 333,333\n \n \n \n \n 333,334\n \n \n \n \n Nil\n \n \n \n \n 1,000,000\n \n \n \n \n \n \n James Lesser (NED)\n \n \n \n \n 166,666\n \n \n \n \n 166,666\n \n \n \n \n 166,668\n \n \n \n \n Nil\n \n \n \n \n 5...