Missed the webinar? Here are Investing.com’s top 10 stock picks for 2026
LONDON - eEnergy Group plc (AIM:EAAS), a UK energy efficiency services provider, announced Monday it has granted nil cost share options over 5,650,000 ordinary shares to incentivize and retain key personnel.
The company's Remuneration Committee approved awards of 2,000,000 options to Chief Financial Officer John Gahan and 3,650,000 options to four other employees, according to a press release statement.
The options are structured primarily to qualify for the tax-advantaged Enterprise Management Incentive scheme and will vest on December 19, 2027, or upon a change of control, subject to share price performance conditions.
Vesting percentages are tied to specific share price targets: 38% of options vest at 9.32 pence per share, 84% at 13.00 pence, and 100% at 15.80 pence. If the share price falls between these targets, vesting will be determined on a linear basis.
Following this award, Gahan holds options representing 1.16% of the company's issued share capital, while the non-director employees collectively hold options representing 0.94%.
eEnergy stated it consulted with several institutional investors before making these awards and incorporated their feedback into the option structure. The company described the awards as designed to "align the wider management team of the business to help drive shareholder value over the longer term."
eEnergy provides energy efficiency and management services to businesses and public sector organizations in the UK, with a focus on LED lighting, solar power, and electric vehicle charging solutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.