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LONDON - Oberon Investments Group PLC (AQSE:OBE) announced Friday it has granted Enterprise Management Incentive (EMI) options over 9,194,341 ordinary shares to two directors and other staff members.
The EMI options, issued on October 24, have exercise prices ranging between 3.8p and 4.5p per share, according to a company press release.
Chief Financial Officer Marcia Manarin received options over 333,333 shares at an exercise price of 4.5p, bringing her total EMI options to 333,333 shares. She currently holds 118,290 shares through the company’s SIP Trustee.
Chief Operating Officer Adam Herringer was granted options over 444,444 shares at 4.5p, increasing his total EMI options to 1,667,098 shares. Herringer also holds 118,290 shares through the SIP Trustee.
Following these grants, Oberon Investments now has 106,286,811 shares under option, representing 13.6% of the company’s outstanding share capital of 783,023,366 ordinary shares. The company confirmed it holds no ordinary shares in treasury.
Oberon noted that shareholders may use the total number of ordinary shares as the denominator for calculations to determine if they are required to notify their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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