Business
Award of share options
Award of share options.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n\n \nFor immediate release\n9 May 2025\nXtract Resources Plc\n(\"Xtract\" or the \"Company\")\nAward of Share Options\n \nThe Board of Xtract announces that on 8 May 2025, the Company awarded 13,700,000 new options (representing 1.6 per cent. of the current issued share capital) to Directors and a further 11,860,000 new options (representing 1.38 per cent. of the current issued share capital) to employees, consultants and officers of the Company.\nThe new options vest and are exercisable immediately on award, with an exercise price of 1.35p per new Ordinary Share. The new options will lapse five years after the date of the award, being 7 May 2030. The exercise price represents a 35 per cent. premium to the mid-market closing price of 1.00p of the Ordinary Shares as at 8 May 2025, and a 42 per cent. premium to the 30-day volume weighted average share price for the 30 trading days ended 8 May 2025. Further details of the new options awards are as follows:\n\n\n\n\nIndividual\n\n\nNumber of new options\n\n\n\n\nDirectors:\n\n\n\n\n\n\n\nColin Bird\n\n\n9,000,000\n\n\n\n\nKjeld Thygesen\n\n\n350,000\n\n\n\n\nAlastair Ford\n\n\n350,000\n\n\n\n\nJoel Silberstein\n \n\n\n4,000,000\n\n\n\n\n\n\n\n\n\n\n\n\nEmployees:\n\n\n\n\n\n\n\nOther\n\n\n11,860,000\n\n\n\n\nTotal\n\n\n25,560,000\n\n\n\n\n \nA copy of this announcement: www.xtractresources.com\n \nEnquiries:\n\n\n\n\nXtract Resources Plc\n\n\nColin Bird,\nExecutive Chairman\n \n\n\n+44 (0)20 3416 6471\nwww.xtractresources.com\n\n\n\n\nBeaumont Cornish Limited\nNominated Adviser and Joint Broker\n\n\nRoland Cornish\nMichael Cornish\nFelicity Geidt\n\n\n+44 (0)207628 3369\nwww.beaumontcornish.co.uk\n\n\n\n\n \nNovum Securities Limited\nJoint Broker \n\n\n \nJon Bellis\nColin Rowbury \n\n\n \n+44 (0)207 399 9427\nwww.novumsecurities.com \n\n\n\n\n \n \nThe following disclosure is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.\n\n\n\n\n1\n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n \n\n\n\n\na)\n \n\n\nName\n \n \n\n\n1. Colin Bird\n2. Joel Silberstein\n3.&nb...