Grant of Employee Options
Company grants 33 million share options to employees at 3p exercise price, vesting over three years.
- Employee Options granted 33,000,000
- Exercise price 3p
- Vesting period 3 years (equal tranches)
- Validity 10 years from date of grant
Select text to share a quote on X · sign in to keep highlights & notes in your TAP notes
Tap Global Group Plc (AQSE: TAP), the FinTech app bridging the gap between traditional finance and blockchain technology, announces the grant of share options over ordinary £0.001 shares (“Ordinary Shares”) to certain employees, as an incentive to drive long-term business growth, on the terms set out below (“Employee Options”):
| Employee Options to be granted: | 33,000,000 |
| Exercise price: | 3p |
| Validity: | 10 years from date of grant |
| Vesting criteria: | Vesting in three equal tranches on the first, second and third anniversaries of the date of grant |
Among the recipients of Employee Options are the Company’s Chief Financial Officer and Chief Compliance Officer who are deemed by the Company to be persons discharging managerial responsibilities (“PDMRs”). Further disclosures regarding the grants to PDMRs follow in the Appendix below.
Peter Wall, Chairman of Tap Group, commented:
“Among my priorities is fostering a culture of ambition and operational excellence within a lean and highly motivated team. This incentive package ensures employees’ interests are closely aligned with those of our shareholders as we work as a unit to deliver explosive and sustainable growth.”
The Directors of the Company accept responsibility for the contents of this announcement.
Tap Group’s operating subsidiaries
Learn more:
Follow us on social media:
LinkedIn:
X (formerly Twitter):
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Steven Borg | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Tap Global Group Plc | ||||
| b) | LEI | 213800BF6GRJEOAQNP31 | ||||
| a) | Description of the financial instrument, type of instrument | Options Ordinary Shares | ||||
| Identification code | GB00BMVSDN09 | |||||
| b) | Nature of the transaction | Grant of options over ordinary shares | ||||
| c) | Price(s) and volume(s) | |||||
| Price(s) | Volume(s) | |||||
| 3p | 3,000,000 | |||||
| d) | Aggregated information | Single transaction as in 4 c) above | ||||
| - Aggregated volume |
| |||||
| - Price | ||||||
| e) | Date of the transaction | 18 February 2025 | ||||
| f) | Place of the transaction | N/A | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Chu Dao Mao | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Compliance Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Tap Global Group Plc | ||||
| b) | LEI | 213800BF6GRJEOAQNP31 | ||||
| a) | Description of the financial instrument, type of instrument | Options over Ordinary Shares | ||||
| Identification code | GB00BMVSDN09 | |||||
| b) | Nature of the transaction | Grant of options over ordinary shares | ||||
| c) | Price(s) and volume(s) | |||||
| Price(s) | Volume(s) | |||||
| 3p | 2,400,000 | |||||
| d) | Aggregated information | Single transaction as in 4 c) above | ||||
| - Aggregated volume |
| |||||
| - Price | ||||||
| e) | Date of the transaction | 18 February 2025 | ||||
| f) | Place of the transaction | N/A | ||||
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.