Great Western Mining Corporation PLC (AIM: GWMO & ESM: 8GW) announces that it has granted a total of 400 million share options, including grants to Directors, in accordance with the rules of the Company's Share Option Plan 2014.
The share option awards were approved by the Board on 20 August 2024 (the 'Award Date') and the exercise price of the new options will be Sterling 0.04 pence per share, representing the average closing price for the ten preceding days. The options are for seven years and vest immediately with exercise subject to performance conditions being a minimum 50% uplift in the share price.
Great Western has 8,346,945,746 ordinary shares of EUR0.0001 in issue. In addition to the options being granted today, the Company has 160,000,000 Share Options outstanding with exercise prices ranging from 0.09 pence per share to 0.8 pence per share.
Contact:
Tel: +44 207 933 8780
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