Empire Metals Limited, an AIM-quoted resource exploration and development company, has announced the grant of options over a total of 8,400,000 ordinary shares of no-par value in the capital of the company to its directors. The options, known as Share Options, will have an exercise price of 8.6 pence and will vest immediately. They will expire on 28 November 2028. The Share Options represent 1.48% of the existing issued ordinary share capital of the company. Following this grant, there will be a total of 56,700,000 ordinary shares of no par value of the company under option to directors and employees, representing 9.99% of the existing issued ordinary share capital.
The Share Options have been issued to directors in line with the company's ongoing incentive plans. The company has not provided any further details regarding the purpose or conditions of the options.
The transactions related to the grant of options were conducted outside a trading venue. The individuals who received the options include Shaun Bunn, the Managing Director; Neil O'Brien, the Non-Executive Chairman; Gregory Kuenzel, the Finance Director; and Peter Damouni, a Non-Executive Director.
This announcement contains inside information as defined by the Market Abuse Regulation (MAR) until its release.