Options Award
Upland Resources Limited has granted 240,000,000 share options to Directors, senior personnel, and key contributors under its Share Option Plan. These options have an exercise price of 1.5 pence per share and will vest when the company's share price reaches 12 pence, with a five-year term from the grant date. The Chief Executive Officer received 70,000,000 options, the Chief Operating Officer received 50,000,000, and other Directors and staff received varying amounts, totaling 240,000,000 options.
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The Company announces that it has today granted a total of 240,000,000 share options ("Options") to Directors, senior personnel and key contributors under the Company's Share Option Plan (the "Plan").
The Options have been issued with an exercise price of 1.5 pence per share and are subject to a vesting condition linked to the Company's share price reaching 12 pence. All Options carry a five-year term from the date of grant.
Director / PDMR Notifications
(In accordance with Article 19 of the UK Market Abuse Regulation)
The following notifications relate to the grant of Options on 24 November 2025.
Option Allocation Table
| Recipient / Role | Position | Options Granted | Exercise Price | Vesting Condition |
|---|---|---|---|---|
| Chief Executive Officer (CEO) | Executive Management | 70,000,000 | 1.5p | Vest upon 12p share price |
| Chairman | Board of Directors | 20,000,000 | 1.5p | Vest upon 12p share price |
| Chief Operating Officer (COO) | Executive Management | 50,000,000 | 1.5p | Vest upon 12p share price |
| Head of Drilling | Senior Technical Leadership | 40,000,000 | 1.5p | Vest upon 12p share price |
| Directors (Non-Executive) | Board of Directors | 10,000,000 | 1.5p | Vest upon 12p share price |
| Back Office & Subsidiary Staff | Employee Incentive Pool | 30,000,000 | 1.5p | Vest upon 12p share price |
| Total | - | 240,000,000 | - | - |
| Option Awards | ||||
| Recipient | Position | Options Granted | Exercise Price | Vesting Condition |
| Bolhassan Di | Director | 90,000,000 | 1.5p | Vest upon 12p share price |
| Gerard Murray | Executive | 50,000,000 | 1.5p | Vest upon 12p share price |
| Josh Galloway | Senior Personnel | 40,000,000 | 1.5p | Vest upon 12p share price |
| Back Office & Subsidiary Staff | Employee Incentive Pool | 30,000,000 | 1.5p | Vest upon 12p share price |
| Aimi Aizal | Director | 10,000,000 | 1.5p | Vest upon 12p share price |
| Razak Damit | Director | 10,000,000 | 1.5p | Vest upon 12p share price |
| Andrew Hurst | Director | 10,000,000 | 1.5p | Vest upon 12p share price |
| Total | - | 240,000,000 | - | - |
Additional updates to follow as filing is completed.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.