First Class Metals plc has issued options over a total of 14,795,000 ordinary shares, of £0.001 each, to directors and senior management under the company’s share option plan.
DIRECTORS
Executive chairman James Knowles and chief executive officer Marc Sale each received two million options, exercisable at £0.05 each.
Non-executive directors Marc Bamber and Andrew Williamson, and company secretary Siddarth Muricken, each received one million options, with an exercise price of £0.05 each.
Mr Sale received a further 795,000 options with an exercise price of £0.02 each. First Class said that these awards related to the proposals in the company’s prospectus published on 26 July 2022 and admission to trading.
Mr Sale and Mr Knowles each received an additional two million options exercisable at £0.10 per share, exercisable at £0.05 each.
Mr Bamber, Mr Williamson and Mr Muricken also each a further one million shares at an exercise price of £0.10 each.
Options with an exercise price of £0.05 and £0.10 relate to awards proposed in First Class’ prospectus published on 25 February 2025.
Following the issue of the options, the company has 14,795,000 share options outstanding, representing approximately 3.3% of its issued share capital.
First Class holds polymetal interests in Ontario, Canada.