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LONDON - Pensana Plc, a company specializing in the exploration and development of rare earth resources, has announced the grant of long-term incentive share awards (Share Awards) to its executive directors, senior management, and employees. A total of 13,900,000 ordinary shares have been allocated as part of the company’s long-term incentive plan, using a share price of 24p per share for calculation.
This grant increases the total outstanding Share Awards to 15,906,250, which is approximately 5.39% of Pensana’s existing issued share capital. The executive directors, including Chairman Paul Atherley, CEO Tim George, and CFO Robert Kaplan, have been granted new Share Awards subject to the satisfaction of certain performance conditions over a three-year period. No consideration is payable upon vesting of these shares.
In addition to the long-term incentives, on April 18, 2025, Pensana granted short-term incentive share awards totaling 7,650,000 ordinary shares to its directors, senior management, and other employees. This represents roughly 2.59% of the company’s issued share capital.
The announcement also confirmed that some of the FY2024 long-term incentive awards have vested in favor of directors and employees, with CEO Tim George and CFO Robert Kaplan receiving 187,500 and 118,750 shares, respectively, upon meeting performance criteria.
The share awards are part of Pensana’s strategy to align the interests of its leadership team with those of its shareholders and to incentivize the achievement of the company’s long-term objectives. The transactions were conducted outside a trading venue and have been reported in accordance with the Market Abuse Regulation (MAR).
The information provided in this article is based on a press release statement from Pensana Plc.
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