Beowulf Mining (GB:BEM) has released an update.
Beowulf Mining PLC has announced the grant of 128 million new options under its Long-Term Incentive Plan to directors and senior management, aimed at incentivizing and retaining key personnel. The options, exercisable at 0.75 pence each, will vest over three years and are valid for a decade, now representing 6.6% of the issued share capital, and with this award, the company has 8.2% of its share capital under option. The move is part of the company’s strategy to align the interests of its leadership with its long-term growth objectives.
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