02:00 Mon 30 Nov 2020
Pembridge Resources - Share Options
Share Options
As part of its cost control measures, Pembridge has agreed with its officers that they will take a salary reduction of 30% effective for 2021 and 2022, and that its non-executive directors will not be paid their fees of
Share Options in Lieu of Directors and Officers fees
The Board of Directors has decided, as compensation for the foregone salaries and fees, to award share options exercisable after
|
Options granted |
Exercise Price |
|
1,395,833 |
5p |
|
1,395,833 |
5p |
|
2,235,000 |
5p |
|
1,680,000 |
5p |
Total |
6,706,667 |
|
"Like many other companies this year, Pembridge has faced financial challenges and had to reconsider its cost base. I am pleased that we have been able to agree a saving for the Company in a manner that is fair to the people affected, and that ties their interests to those of our investors."
ENDS
NOTES TO EDITORS
About Pembridge Resources plc
Pembridge is a mining company that is listed on the standard segment of the Official List of the FCA and trading on the main market for listed securities of London Stock Exchange plc. Pembridge has an investment in Minto Explorations Ltd, a
Enquiries:
Pembridge Resources plc: +44 (0)20 7917 2968
Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board
David James, Chief Financial Officer
Brandon Hill Capital - United Kingdom: +44 (0)20 3463 5016
Jonathan Evans
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