Sunda Energy Plc, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia, announces that it has granted share options over, in aggregate, 975,000,000 ordinary shares of 0.025 pence each in the capital of the Company ("Ordinary Shares") to certain directors, senior management, employees and a consultant at an exercise price of 0.0725 pence per Ordinary Share (the "Options"), being the middle market closing price on 1 November 2024, the latest practicable closing price prior to this announcement. These Options have been granted under both an HMRC approved Enterprise Management Incentive plan (the "EMI Share Option Scheme") and an unapproved share option plan. The Options have a ten-year life from the date of grant.
Accordingly, a total of 2,332,500,000 option awards are outstanding following these latest grants, which represents approximately 9.14 per cent. of the Company's existing issued share capital of 25,510,783,788 Ordinary Shares.
The new Options set out in the table above all vest in three equal tranches (one, two and three years from the date of grant).
The FCA notification, made in accordance with the requirements of UK MAR is appended below.
Senior Management, Employees and a Consultant
A further 250,000,000 new Options, in aggregate, have been granted to certain other members of senior management, employees and a consultant at the same exercise price of 0.0725 pence per Ordinary Share. These options vest in the same manner as those awarded to the Executive Directors of the Company.
