Client NewsAdvance Energy plc: Grant of Share Options
Advance Energy ( AIM:ADV ), the energy company seeking growth through acquisition or farm-in to discovered upstream projects, announces a grant of options over 30,000,000 new ordinary shares (“Ordinary Shares”) to the Interim Chief Executive Officer, Larry Bottomley (the “Options”).
The Options have an exercise price of 0.3 pence per Ordinary Share, with 50 per cent of the Options vesting 6 months from 17 March 2022 and the remainder vesting one year from 17 March 2022. This award has been made to incentivise the successful delivery of the Company’s strategy while managing costs as part of the focus on capital discipline.
Following this grant of Options, Mr Bottomley will be interested in 30,000,000 options over Ordinary Shares in the Company.
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