Management Share Options
Mila Resources Plc has awarded share options to its senior management team, including directors Mark Stephenson, Alastair Goodship, and Jonathan Evans, as part of an equity incentive package designed to conserve cash for exploration. A total of 91,304,348 options have been granted, representing approximately 12% of the company's current issued share capital. These options vest on June 26, 2026, and expire on June 26, 2031, with exercise prices ranging from 1.3p to 3.5p. This move aims to align management incentives with shareholder interests.
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Mila Resources Plc (LSE: MILA), the gold exploration company, announces that it has awarded the senior management team with share options. The Company places a heavy weighting on its equity incentive package in recognition of the modest cash fees to conserve cash for exploration. The equity incentive package allows the Company to remain competitive and aligned with its shareholders.
Share Price
| Directors | Total | 1.3p | 1.75p | 2.5p | 3.5p |
| Mark Stephenson | 21,739,130 | 6,521,739 | 6,521,739 | 4,347,826 | 4,347,826 |
| Alastair Goodship | 21,739,130 | 6,521,739 | 6,521,739 | 4,347,826 | 4,347,826 |
| Jonathan Evans | 21,739,130 | 6,521,739 | 6,521,739 | 4,347,826 | 4,347,826 |
| Total | 65,217,391 | 19,565,217 | 19,565,217 | 13,043,478 | 13,043,478 |
Other senior members of the team have been awarded 26,086,957 options on the same terms as the Directors. The share options vest on 26 June 2026 and expire on 26 June 2031. The total amount of share options awarded is 91,304,348 being approximately 12% of the current issued share capital of the Company.
| a) | Name | Mila Resources plc | ||||||||||
| b) | LEI | 2138002NANE5WMOA7P09 | ||||||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.001 each | ||||||||||
| Identification code | GB00BD4FCK53 | |||||||||||
| b) | Nature of the transaction | Purchase of shares | ||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||
| d) | Aggregated information | |||||||||||
| - Aggregated volume | ||||||||||||
| - Price | ||||||||||||
| e) | Date of the transaction | 25 June 2026 | ||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
| a) | Name | Alastair Goodship | ||||||||||
| 2 | Reason for the notification | |||||||||||
| a) | Position/status | Chief Operating Officer | ||||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||||
| a) | Name | Mila Resources plc | ||||||||||
| b) | LEI | 2138002NANE5WMOA7P09 | ||||||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.001 each | ||||||||||
| Identification code | GB00BD4FCK53 | |||||||||||
| b) | Nature of the transaction | Purchase of shares | ||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||
| d) | Aggregated information | |||||||||||
| - Aggregated volume | ||||||||||||
| - Price | ||||||||||||
| e) | Date of the transaction | 25 June 2026 | ||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||
| a) | Name | Jonathan Evans | ||||||||||
| 2 | Reason for the notification | |||||||||||
| a) | Position/status | Non-Executive Director | ||||||||||
| b) | Initial notification /Amendment | Initial notification | ||||||||||
| a) | Name | Mila Resources plc | ||||||||||
| b) | LEI | 2138002NANE5WMOA7P09 | ||||||||||
| a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.001 each | ||||||||||
| Identification code | GB00BD4FCK53 | |||||||||||
| b) | Nature of the transaction | Purchase of shares | ||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||
| d) | Aggregated information | |||||||||||
| - Aggregated volume | ||||||||||||
| - Price | ||||||||||||
| e) | Date of the transaction | 25 June 2026 | ||||||||||
| f) | Place of the transaction | Outside a trading venue | ||||||||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.