Business
Grant of Employee Options
Grant of Employee Options.
About this update from Tap Global Plc
[{"type":"text","content":"\n\n \n \n\n\n\n\nCertain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (\"MAR\") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain. 18 February 2025 Tap Global Group Plc(\"Tap Group\" or the \"Company\") Grant of Employee Options Tap Global Group Plc (AQSE: TAP), the FinTech app bridging the gap between traditional finance and blockchain technology, announces the grant of share options over ordinary £0.001 shares (“Ordinary Shares”) to certain employees, as an incentive to drive long-term business growth, on the terms set out below (“Employee Options”): \t\t\t\t\t\t\t\t\tEmployee Options to be granted: \t\t\t\t\t\t\t\t\t33,000,000\t\t\t\t\t\t\t\t\t\t\t\t\tExercise price: \t\t\t\t\t\t\t\t\t3p\t\t\t\t\t\t\t\t\t\t\t\t\tValidity:\t\t\t\t\t\t\t\t\t10 years from date of grant\t\t\t\t\t\t\t\t\t\t\t\t\tVesting criteria: \t\t\t\t\t\t\t\t\tVesting in three equal tranches on the first, second and third anniversaries of the date of grant \t\t\t\t\t\t Among the recipients of Employee Options are the Company’s Chief Financial Officer and Chief Compliance Officer who are deemed by the Company to be persons discharging managerial responsibilities (“PDMRs”). Further disclosures regarding the grants to PDMRs follow in the Appendix below. Peter Wall, Chairman of Tap Group, commented: “Among my priorities is fostering a culture of ambition and operational excellence within a lean and highly motivated team. This incentive package ensures employees’ interests are closely aligned with those of our shareholders as we work as a unit to deliver explosive and sustainable growth.” The Directors of the Company accept responsibility for the contents of this announcement. Enquiries: \t\t\t\t\t\t\t\t\tTap Global Group Plc\t\t\tArsen Torosian, Chief Executive Officer\t\t\t\t\t\t\t\t\t \t\t\tvia Vigo Consulting\t\t\t\t\t\t\t\t\t\t\t\t\tPeterhouse Capital Limited \t\t\t(Aquis Growth Market Corporate Advisor)\t\t\t\t\t\t\t\t\t+44 (0)20 7220 9795\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\tTennyson Securities (Broker)\t\t\tPeter Krens\t\t\tAlan Howard\t\t\t\t\t\t\t\t\t+44 (0)20 7186 9030\t\t\t\t\t\t\t\t...