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, tied to the company’s stock at £0.001 each, are exercisable at 0.325p per share, matching the share price on the grant day, which was last Monday.
The grants are part of Supernova’s Enterprise Management Incentive (EMI) Option Plan and additional non-qualifying options. Under the EMI, 50 million options were allocated to Nicholas Lyth, with the remaining 110 million options granted to entities controlled by Mike Edwards (Marallo Pte Ltd) and Mark Rutledge (Carraway Capital Corporation).
The vesting schedule for these options is structured such that 12/36ths vested on the grant date, with a further 1/24th of the remaining shares to vest each subsequent month. The options have a lapse date set on the 10th anniversary of the grant date.
This move is part of the company’s broader strategy to incentivize key individuals within the organization and align their interests with those of the shareholders.
The directors of Supernova have taken responsibility for this announcement, which was initially considered inside information according to the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the public release of this information, it is no longer classified as such.
This development is based on a press release statement and provides a factual account of the company’s recent share option grants without speculation or promotional commentary.
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