Mercia Asset Management (MERC); options granted for 3,794,000 new ordinary shares at 33.50p per shar

Published on 01-08-2019 07:25:57
Author Sparks Team

Options, representing 1.25% of Mercia’s existing ordinary share capital, have been issued to a number of employees of the company. The options for new ordinary shares, with a nominal value of 0.001p each, will be vested in three equal tranches on the third, fourth and fifth anniversary of the date of grant of the options, subject to performance conditions.

Mercia now has 13,372,000 unvested options pursuant to the 2014 Mercia Company Share Option Plan. These unvested options represent c. 4.41% of the existing ordinary share capital.

Share this with friends and colleagues