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Seascape Energy Asia Implements Incentive Plan for New Director

Story Highlights
  • Seascape Energy issued options to Haida Hazri under its Long Term Incentive Plan.
  • The options vest over three years and aim to align management interests with shareholders.
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Seascape Energy Asia Implements Incentive Plan for New Director

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Longboat Energy Plc ( (GB:SEA) ) has issued an announcement.

Seascape Energy Asia PLC announced the issuance of market-priced options under its Long Term Incentive Plan to Haida Hazri, a newly appointed Independent Non-executive Director. This move is part of a broader strategy to ensure consistency in incentivization and retention among its board members. The options, set at an average closing price of 37.5p per share, will vest over three years and are exercisable for up to five years, reflecting the company’s commitment to aligning management interests with shareholder value.

More about Longboat Energy Plc

YTD Price Performance: 19.20%

Average Trading Volume: 428,538

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £23.4M

Learn more about SEA stock on TipRanks’ Stock Analysis page.

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