Tekcapital Issues Share Options to Staff

Tekcapital (GB:TEK) has released an update.

Tekcapital Plc, a UK-based intellectual property investment group, has awarded 2,500,000 share options to selected employees and directors, with an exercise price set at a 20% premium over the recent closing share price. These options are subject to vesting over three years with performance criteria for certain recipients, and will expire five years from the date of grant if not exercised. The grant represents 6.06% of the company’s issued share capital and aims to incentivize and retain key personnel.

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