SpaceandPeople grants new options to top executives

Published 02/06/2025, 12:02
SpaceandPeople grants new options to top executives

LONDON - SpaceandPeople PLC (AIM:SAL), the company specializing in retail, promotional, and brand experiences, has announced the grant of new options to its executive directors under its existing share option scheme. The options, totaling 67,500 ordinary shares, were granted on Monday to the top three executives at an exercise price of 10 pence per share, matching the nominal value of the shares.

The new options will vest on May 30, 2028, with a ten-year expiration from the date of grant. They are contingent on continued employment and meeting certain financial targets by December 31, 2027, as determined by the company’s Remuneration Committee.

Chief Executive Officer Nancy Cullen, Chief Financial Officer Gregor Dunlay, and Chief Operating Officer Andrew Keiller each received 22,500 options. The total number of options now granted by the company, including these new options, stands at 260,500, representing 13.35% of SpaceandPeople’s issued share capital.

The executive directors’ resultant holdings in the company following these grants are as follows: Nancy Cullen holds 49,000 options and 96,300 ordinary shares, Gregor Dunlay holds 60,250 options and 13,500 ordinary shares, and Andrew Keiller holds 60,250 options and 13,500 ordinary shares.

This grant of options is part of the company’s long-term incentive plan for its executives, designed to align their interests with those of shareholders and to incentivize the achievement of key financial targets.

The transactions were conducted off-market and are intended to satisfy the company’s obligations under Article 19(1) of the EU Market Abuse Regulation.

Information regarding these transactions is based on a press release statement from SpaceandPeople PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.