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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.
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