Reabold Resources plc has granted a total of 116,060,000 share option awards to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan.
BONUS
The awards represent 50% of the total 2024 annual bonus value, which is deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the company.
On 13 June, co-chief executive officers Sachin Oza and Stephen William each received 44,530,000 ordinary share awards.
On the same date, chief financial officer Chris Connolly received 27,000,000 awards.
The nil-cost options become exercisable from the third anniversary of the date of grant.
Reabold has interests in the West Newton onshore gas field in East Yorkshire; Parta exploration licence and Iecea Mare production licence in Western Romania; Californian oil and gas operator Daybreak Oil & Gas Inc; and the onshore Colle Santo gas field in Abruzzo, Italy.