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LONDON - Helium Ventures plc (AQSE:V3TC), soon to be renamed VaultZ Capital plc, announced Wednesday it has granted 48.5 million options over ordinary shares to its senior management team and board of directors as part of its long-term incentive framework.
The options were issued with an exercise price of 17 pence per share and are designed to align management interests with shareholders and incentivize the company’s Bitcoin treasury and mining strategy, according to a company press release.
The options are subject to share price vesting hurdles ranging from 30 pence to 90 pence, with vesting dates scheduled between December 18, 2025, and December 18, 2027. Both the volume-weighted average price (VWAP) condition and time condition must be satisfied for the options to vest.
CEO Alex Appleton received 14 million options, while COO Sarah Gow and CIO Pierre Villeneuve each received 13 million. Non-Executive Chairman Charlie Wood was granted 4 million options, and Non-Executive Director Fungai Ndoro received 3 million. An unnamed consultant was allocated 1.5 million options.
The options will be exercisable in whole or in part for 36 months from their respective vesting dates. If a vesting hurdle is not met but a subsequent hurdle is satisfied, all preceding options will also vest.
The company’s shares trade on the Aquis Stock Exchange under the ticker AQSE:V3TC.
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