RNS Number : 6311I
Upland Resources Limited
24 November 2025
RNS - Notification of Option Awards
Upland Resources Ltd
("the Company")
Grant of Share Options
24 November 2025
The Company announces that it has today granted a total of 240,000,000 share options ("Options") to Directors, senior personnel and key contributors under the Company's Share Option Plan (the "Plan").
The Options have been issued with an exercise price of 1.5 pence per share and are subject to a vesting condition linked to the Company's share price reaching 12 pence. All Options carry a five-year term from the date of grant.
Director / PDMR Notifications
(In accordance with Article 19 of the UK Market Abuse Regulation)
The following notifications relate to the grant of Options on 24 November 2025.
Option Allocation Table
Recipient / Role
Position
Options Granted
Exercise Price
Vesting Condition
Chief Executive Officer (CEO)
Executive Management
70,000,000
1.5p
Vest upon 12p share price
Chairman
Board of Directors
20,000,000
1.5p
Vest upon 12p share price
Chief Operating Officer (COO)
Executive Management
50,000,000
1.5p
Vest upon 12p share price
Head of Drilling
Senior Technical Leadership
40,000,000
1.5p
Vest upon 12p share price
Directors (Non-Executive)
Board of Directors
10,000,000
1.5p
Vest upon 12p share price
Back Office & Subsidiary Staff
Employee Incentive Pool
30,000,000
1.5p
Vest upon 12p share price
Total
-
240,000,000
-
-
Option Awards
Recipient
Position
Options Granted
Exercise Price
Vesting Condition
Bolhassan Di
Director
90,000,000
1.5p
Vest upon 12p share price
Gerard Murray
Executive
50,000,000
1.5p
Vest upon 12p share price
Josh Galloway
Senior Personnel
40,000,000
1.5p
Vest upon 12p share price
Back Office & Subsidiary Staff
Employee Incentive Pool
30,000,000
1.5p
Vest upon 12p share price
Aimi Aizal
Director
10,000,000
1.5p
Vest upon 12p share price
Razak Damit
Director
10,000,000
1.5p
Vest upon 12p share price
Andrew Hurst
Director
10,000,000
1.5p
Vest upon 12p share price
Total
-
240,000,000
-
-
Additional updates to follow as filing is completed.
END
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