EBT Scheme – Milestones and Criteria

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Company establishes Employee Benefit Trust scheme with market capitalisation milestones for directors and employees.

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80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed exploration and development Company, is pleased to provide an update on the specific milestones and criteria required for directors and employees of the Company to qualify for awards under the recently established Employee Benefit Trust ("EBT"). This follows announcements made on 28 July 2025 and 4 August 2025.

Eligibility and Allocation Framework

Participants in the EBT scheme are directors and employees of the Company. The allocation will be subject to a number of criteria, including role and responsibility, contribution to strategic goals, and market benchmarking. In addition, the Board retains discretion to allocate EBT shares for extraordinary effort as it sees fit.

Milestones

The award of EBT shares will be linked to the Company's share price performance and as a result its market capitalisation valuations in the first instance, with exploration and project specific milestones to be subsequently agreed pending project development. The milestones related to market capitalisation:

Market capitalisation exceeds £15 million (undiluted)
Market capitalisation exceeds £20 million (undiluted)
Market capitalisation exceeds £25 million (undiluted)
Market capitalisation exceeds £40 million (undiluted)

Performance Measurement and Vesting

The performance period is over the course of 12 months, from July to June. The vesting conditions are linked to market capitalisation valuations, as outlined above.

The Remuneration Committee will evaluate the milestone achievements to ensure full compliance with the Company's governance policies.

Governance and Compliance

The design and implementation of the EBT will be overseen by the independent Remuneration Committee. Award details and performance outcomes will be disclosed in annual reports, ensuring full transparency.

The EBT scheme is structured to comply with UK tax laws and AIM regulations.

Objectives

The EBT has been established in order to:

Align the interests of directors and employees with shareholders.
Incentivise long-term value creation through exploration and development success.
Retain and motivate key talent in a competitive industry.
Ensure compliance with AIM regulations and good corporate governance.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.