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Issue of Options under Employee Incentive Securities Plan
Thenewswireยท 2025-09-02 23:50
Core Points - Mithril Silver and Gold Limited has issued 4,180,000 Options to key management, employees, and consultants under its Employee Incentive Securities Plan approved by shareholders at the November 2024 AGM [1][3] - Subject to shareholder approval at the 2025 AGM, the Company plans to issue an additional 5,200,000 Options to Directors and other key employees and contractors who are related parties [2] - The Options have an exercise price of $1.07 AUD per Option, which is a 50% premium to the closing price of the Company's shares on ASX on 1 September 2025, and an expiry date of 1 September 2028 [3] Company Strategy - The Employee Incentive Securities Plan aims to attract and retain key staff, linking their rewards to the achievement of strategic goals and the long-term performance of the Company [3][6] - The Plan aligns the financial interests of participants with those of shareholders, providing incentives for superior performance that creates shareholder value [6]