Deferred Annual Bonus Plan 2024 Share Option Award
Directors and PDMRs awarded nil-cost share options worth 50% of 2024 annual bonus, vesting in three years.
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Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, announces that on 13 June 2025 (the "Grant Date"), the following share option awards (the "Awards") were made to certain Directors and Persons Discharging Managerial Responsibilities ("PDMRs") under the Reabold Resources plc Deferred Annual Bonus Plan (the "Plan").
The Awards were made in accordance with the rules of the Plan and as provided for in the 2024 Directors' Remuneration Report, which can be found in the Company's 2024 Annual Report. The Awards represent 50% of the total 2024 annual bonus value, which is required to be deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"), pursuant to the terms of the Plan. In calculating the number of Ordinary Shares over which the Awards have been made, the Remuneration Committee has applied the closing price per Ordinary Share on the day prior to the Grant Date.
The number of Ordinary Shares subject to the nil-cost options granted under the Awards are set out in the table below. The nil-cost options will become exercisable from the third anniversary of the Grant Date, subject to the terms and conditions of the Plan.
| Director/PDMR | Position | Number of Ordinary Shares subject to Award |
|---|---|---|
| Sachin Oza | Co-Chief Executive Officer | 44,530,000 |
| Stephen Williams | Co-Chief Executive Officer | 44,530,000 |
| Chris Connolly | Chief Financial Officer | 27,000,000 |
PDMR Notifications
- Details of the person discharging managerial responsibilities / person closely associated
- Name Sachin Oza
2. Reason for notification
- Position / status Co-CEO
- Initial notification / amendment Initial Notification
- Details of the issuer or emission allowance market participant
- Name Reabold Resources PLC
- LEI 2138006DR8T8XE87OC49
- Description of the financial instrument Identification code Ordinary Shares GB00B95L0551
- Nature of the transaction 44,530,000 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
- Price(s) and volume (s) Price (s) Volume (s) Nil consideration 44,530,000
- Aggregated information · Volume · Price · Total N/A, single transaction
- Date of the transaction 13 June 2025
- Place of the transaction Outside a trading venue
- Details of the person discharging managerial responsibilities / person closely associated
- Name Stephen Williams
2. Reason for notification
- Position / status Co-CEO
- Initial notification / amendment Initial Notification
- Details of the issuer or emission allowance market participant
- Name Reabold Resources PLC
- LEI 2138006DR8T8XE87OC49
- Description of the financial instrument Identification code Ordinary Shares GB00B95L0551
- Nature of the transaction 44,530,000 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
- Price(s) and volume (s) Price (s) Volume (s) Nil consideration 44,530,000
- Aggregated information · Volume · Price · Total N/A, single transaction
- Date of the transaction 13 June 2025
- Place of the transaction Outside a trading venue
- Details of the person discharging managerial responsibilities / person closely associated
- Name Chris Connolly
2. Reason for notification
- Position / status CFO (PDMR)
- Initial notification / amendment Initial Notification
- Details of the issuer or emission allowance market participant
- Name Reabold Resources PLC
- LEI 2138006DR8T8XE87OC49
- Description of the financial instrument Identification code Ordinary Shares GB00B95L0551
- Nature of the transaction 27,000,000 nil-cost options over Ordinary Shares awarded under the Reabold Deferred Annual Bonus Plan
- Price(s) and volume (s) Price (s) Volume (s) Nil consideration 27,000,000
- Aggregated information · Volume · Price · Total N/A, single transaction
- Date of the transaction 13 June 2025
- 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.