Business
Issue of Share Options and Directors' Dealings
Oriole Resources PLC has issued 12,000,000 share options at an exercise price of 0.35 pence per share, with 9,000,000 options granted to Directors, including 9,000,000 to Claire Bay, and 6,000,000 shadow share options to employees in Cameroon. These options, which vest in tranches over two years, are in recognition of the successful completion of the initial exploration drilling programme at the Mbe gold project, which yielded a maiden resource of 870,000 ounces at 1.09g/t gold and an exploration target of 370,000 to 605,000 ounces. The options will expire after ten years and are not subject to performance conditions. Disclaimer*
About this update from Oriole Resources Plc
[{"type":"text","content":"\n\nOriole Resources PLC \n(\"Oriole\" or \"the Company\" or \"the Group\")\n \nIssue of Share Options\n and\nNotification of Directors' Dealings\n \nOriole Resources (AIM: ORR), the AIM-quoted exploration company focused on Central and West Africa, provides details of share options issued to a Company Director and to a senior member of the management team, and shadow share options made to a selection of the Company's employees in Cameroon. \n \nDavid Pelham, the Chairman of Oriole Resources' Remuneration Committee said: \n \n\"Following the successful completion of the initial exploration drilling programme over the Mbe gold project, which resulted in the announcement of a maiden resource of 870,000 ounces (\"oz\") at 1.09g/t gold at the MB01-S deposit, together with an exploration target of 370,000oz to 605,000oz of contained gold at the MB01-N target, the Remuneration Committee is pleased to award new share options to Claire Bay, Executive Director Exploration, and to the Company's Exploration Manager for Cameroon, in recognition of this achievement. \n \n\"We have also approved an award of shadow share options to our Cameroon employees as recognition for their contribution to the Company's success thus far, and to retain and incentivise the talent that we have as we continue to develop our portfolio in Cameroon.\"\n \nIssue of Share Options\n \nThe Company has granted options to one of the Company's Directors and to one senior member of the management team for their exceptional work in achieving the maiden Mineral Resource Estimate at the Company's Mbe project.\n \nThe quantum of the awards has been determined by the Remuneration Committee.\n \nIn aggregate, the Company will issue 12,000,000 options (the \"Options\") to acquire ordinary shares of 0.1 pence each in the capital of the Company (\"Ordinary Shares\") at an exercise price of 0.35 pence per share, being the closing mid-market price of the Company's Ordinary Shares as at close of business on 26 January 2026. The issue of the Options will utilise the Company's existing shareholder authority.\n \nThe Options will vest in the following tranches:\n \n\n\n\n\nVesting Date\n\n\nNumber of options\n\n\n\n\nImmediately\n\n\n4,000,000\n\n\n\n\n1 January 2027\n\n\n4,000,000\n\n\n\n\n1 Jan...