Grant of Share Options
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The Board of Directors of IB approved, at the February board meeting of the Company, the issuance of incentive share option awards ("Options") to key personnel as part of the Company's ongoing strategy to align performance incentives with long-term value creation.
The following Options were granted to key non-Board IB staff and service providers:
| Options Granted | Exercise Price | Vesting Schedule from the date of grant (February 2025) |
|---|---|---|
| 1,000,000 | £0.0145 | 50% after 1 year and the balance after 2 years |
| 550,000 | £0.0145 | 50% after 1 year; 25 % vests after 2 years; the balance vests after 3 years |
| Up to 6,000,000 | £0.04 | 1 000 000 vests after 1 year; each remaining tranche of 1 000 000 vests upon a qualifying sale of IB Nimble, but not before the first anniversary of the grant |
All Options held by IB staff are subject to continued employment at the time of vesting.
The Directors of the Company accept responsibility for the contents of this announcement.
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