LONDON – Supernova Digital Assets PLC (AQSE: SOL), a player in the digital assets space, has announced the grant of share options totaling 160 million ordinary shares. These options, linked to company shares at £0.001 each, are exercisable at 0.325 pence per share, which corresponds to the share price on the day of grant, which was last Monday.
The grants are part of Supernova's Enterprise Management Incentive (EMI) Option Plan and are additional non-eligible options. Under the EMI, 50 million options were allocated to Nicholas Leith, with the remaining 110 million options granted to entities controlled by Mike Edwards (Marallo Pte Ltd) and Mark Routledge (Carraway Capital Corporation).
The vesting schedule for these options is designed so that 12/36 shares vest on the grant date, with 1/24 of the remaining shares vesting each subsequent month. Options have a specified expiration date on the 10th anniversary of the grant date.
The move is part of the company's broader strategy to motivate key individuals within the organization and align their interests with those of shareholders.
Supernova's directors have taken responsibility for this announcement, which was initially deemed to be inside information in accordance with the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. As this information becomes public, it is no longer classified as such.
This development is based on a press release and provides a factual account of the company's recent stock option grants without speculation or promotional comments.
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