REG - Upland Resources Ltd - Options Award

Upland ResourcesAnnouncement

24/11/2025 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251124:nRSX6311Ia&default-theme=true

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHFEAFUDEISEDF



            Copyright 2019 Regulatory News Service, all rights reserved