Ocean Harvest Technology Group PLC, a leading developer and supplier of proprietary blended seaweed products for the global animal feed industry, has announced the grant of options to two of its executives under the Company's Share Option Plan. Chris Scott, Chief Financial Officer, and Nico Stein, Chief Commercial Officer, have each been granted 1,385,857 options. The Options have a term of 10 years and are exercisable in four tranches at a price of £0.01 each, with each tranche vesting once the share price target for that tranche has been met and a minimum 2 years' service has been completed.
All options are subject to a 12-month holding period from the date of vesting and may not be exercised whilst the Company's share price is below £0.192. They are also subject to both malus and clawback provisions and good and bad leaver provisions. Additionally, all unvested Options will vest in certain corporate events such as a takeover of the company or a change of control.
Ocean Harvest Technology Group plc is a global leader in the development and commercialization of value-adding proprietary products from blending multiple species of seaweed. The Company provides a range of natural additives focused on improving animal performance and the sustainability of the feed chain, through its unique and proven proprietary seaweed blends. Its products are produced in its facility in Vietnam and sold into the $40bn animal feed additive sector in multiple markets across the world.
For more information, please visit www.oceanharvesttechnology.com.