REG - Mila Resources Plc - Management Share Options & Extension of Warrants

Mila ResourcesAnnouncement

24/06/2025 14:15

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RNS Number : 2192O  Mila Resources PLC  24 June 2025

Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources

 

24 June 2025

 

Mila Resources Plc ('Mila' or the 'Company')

 

Management Share Options & Extension of Investor Warrants

 

 

Mila Resources Plc (LSE: MILA), the gold exploration company, announces that
it has awarded the senior management team with share options to align with
shareholders and in recognition of a cost cutting programme that impacted cash
salaries across the team at the beginning of 2025.

 

                  Share Price
 Director         0.7p       1p         2p
 Mark Stephenson  4,285,714  2,571,429  1,714,286

 Jonathan Evans   4,285,714  2,571,429  1,714,286

 Total            8,571,429  5,142,857  3,428,571

 

The share options vest on 24 June 2025 and expire on 24 June 2030. The
Directors options package will amount to 2.6% of the share capital following
the admission of placing shares that are expected to be admitted on 8 July
2025.

 

The Company has also awarded other senior members of its team with 15,714,286
options that that carry the same performance conditions as above.

 

The Company will be maintaining its current base cash salaries and will
continue to incentivise its team in alignment with shareholders.

 

Extension of Investor Warrants

The Company issued 200,000,000 investor warrants on 9 November 2023 that were
exercisable at 2p until 9 November 2025. The Company has agreed to extend the
expiry of the warrants to 9 November 2026. If the warrants were exercised in
full, the Company would be able to raise £4,000,000.

 

**ENDS**

 

For more information visit www.milaresources.com or contact

 

 

 Mark Stephenson                         info@milaresources.com 

 Mila Resources Plc 

   
 Jonathan Evans                          +44 (0) 20 7100 5100 

 Tavira Financial Limited 

   
 Nick Emerson                            +44 (0) 20 3143 0600 

 SI Capital 

   
 Damon Heath                             +44 (0) 20 3971 7000 

 Shard Capital Partners LLP 

   
 Susie Geliher / Charlotte Page          +44 (0) 20 7236 1177 

 St Brides Partners Limited 

 

 

 

 

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