We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Obtala | LSE:OBT | London | Ordinary Share | GG00B4WJSD17 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.90 | 6.80 | 7.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMOBT
RNS Number : 4807S
Obtala Limited
03 October 2017
3 October 2017
Obtala Limited
("Obtala", the "Group" or the "Company")
(AIM: OBT)
Additional Share Option Awards/Director dealing
Obtala Limited (AIM:OBT), the African focused agricultural and forestry company, is pleased to provide the following update.
Share Option Awards
The Company has approved the issue of share option awards to recently appointed management, including a further award to Deputy Chairman, Martin Collins, who was previously awarded 1m options as per the announcement of 5 July 2017. Share option awards were made on the following structure within the company's existing approved share scheme:
Vesting Date Trigger Price Award Amounts 30 June 2018 20p 2.625m options 30 June 2019 25p 2.625m options 30 June 2020 30p 2.625m options 30 June 2021 35p 2.625m options
-- The share options only become exercisable upon the Obtala monthly VWAP stock price being above the trigger price for 3 consecutive months at or after the vesting date.
-- All tranches of the above options expire on 30(th) June 2026 regardless of whether they have been exercisable or not.
-- The exercise price for the options is 17.62p.
-- If the awardee is not in the employment of a Group company at the time of vesting then the awards are forfeit.
The awards will be distributed to management on the following basis:
Martin Collins Deputy Chairman 750k per tranche (3m total)
Hadi Ghossein Deputy Chairman of Argento Limited 625k per tranche (2.5m total)
Jacob Hansen Director of Argento Limited 625k per tranche (2.5m total)
Zahid Abbas Director of Argento Limited 625k per tranche (2.5m total)
Directors Holding
Further to the announcement of 28(th) September 2017, Martin Collins has a total interest in Obtala ordinary 1p shares of 1,750,000, of which 1,500,000 are held through his company, Moghle Ltd, and 250,000 are held collectively by Martin and his wife. In addition, Moghle Ltd holds 6,733 Argento Preference Shares.
Miles Pelham, Chairman of Obtala commented: "The further issue of performance based compensation to management underlines our commitment to appropriate and adequate incentivisation of employees which aligns interests with all stakeholders".
Due to recent leavers forfeiting their share options the net issuance of options today is 6.5m shares."
Obtala Limited Miles Pelham - Chairman Paul Dolan - CEO www.obtala.com +44 (0)20 7099 1940 ZAI Corporate Finance Limited (Nomad) John Treacy / Ray Zimmerman +44 (0)20 7060 2220 Brandon Hill Capital (Joint Broker) Jonathan Evans +44 (0)20 3463 5000 Beaufort Securities Limited (Joint Broker) Jon Belliss +44 (0)20 7382 8300
This announcement contains information which was previously inside information for the purposes of Article 7 of the Market Abuse Regulation EU Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHOKBDPABDDBKK
(END) Dow Jones Newswires
October 03, 2017 02:00 ET (06:00 GMT)
1 Year Obtala Resources Chart |
1 Month Obtala Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
