FADEL Partners, Inc. has announced the grant of options to Ian Flaherty, the Chief Financial Officer, and other employees under the FADEL 2023 Equity Incentive Plan. Ian Flaherty has been awarded 252,890 share options at an exercise price of GBP£1.44, representing 1.25% of the current issued share capital. These options will vest over time, with 25% becoming exercisable on the twelve-month anniversary of the grant date and the remaining balance vesting in 36 equal monthly installments.
Additionally, a total of 377,312 options over Common Shares have been granted to certain employees under the Plan. Following these grants, the total number of options over Common Shares granted under the Plan now represents 7.21% of the Company's current issued share capital.
The announcement contains inside information for the purposes of the retained UK version of the EU Market Abuse Regulation (EU) 596/2014 ("UK MAR"). For further information, individuals can contact Tarek Fadel, Chief Executive Officer, and Ian Flaherty, Chief Financial Officer, via Alma PR.
The details of the transaction, including the person discharging managerial responsibilities, the issuer, and the specifics of the options granted, have been provided in the notification. The options granted to Ian Flaherty and other employees signify the company's commitment to incentivizing and rewarding its key personnel.