Bango Grants Share Options to Directors and Employees
Why we think this is neutral
This RNS announcement is related to the granting of share options to directors and employees of Bango PLC. While this is an important corporate action, it does not fall into the mandatory news types that require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- Bango grants share options to directors and employees
- Options vest in one tranche after 3 years
- Vesting for executive directors subject to performance conditions
Summary
Bango PLC has announced the grant of share options to its Chief Executive Officer, Executive Chair, Chief Financial Officer, General Counsel, and Chief Operating Officer under the company's Employee Share Option Scheme. The options vest in one tranche after 3 years and can be exercised up to the seventh anniversary of the grant date. The vesting of options for the Executive Directors is subject to certain performance conditions related to share price and revenue growth.