Arc Minerals Grants LTIPs to Board and Management
Why we think this is neutral
The RNS announcement does not contain any of the mandatory news types, such as contract news, trading updates, or financial results. It is simply an announcement about the issuance of long-term incentive plans to the company's leadership team.
Key Points
- Issuance of long-term incentive plans (LTIPs) to board and senior management
- RSUs and share options granted, equating to 5.5% of issued share capital (3% for directors)
- RSUs subject to share price and operational performance targets
- Share options have 2.5p exercise price and 3-year vesting period
Summary
The mining company has granted long-term incentive plans to its board and senior management team.
Arc Minerals (LSE: ARCM) has announced the award of long-term incentives to the board and senior management. The incentives include a combination of restricted stock units and share options, equating to 5.5% of the issued share capital (3% for directors). The RSUs are performance-based and will vest in three equal tranches subject to share price targets and other operational milestones. The share options have an exercise price of 2.5p and will vest equally over three years.
DIRECTOR DEALINGS