Afentra (GB:AET) has released an update.
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Afentra PLC, an upstream oil and gas company targeting assets in Africa, has announced the conditional grant of nil-cost share options to Executive Directors and market value share options to Non-Executive Directors, in line with incentives approved by shareholders. The long-term incentive plan (LTIP) awards for Executive Directors are set to vest based on the company’s Total Shareholder Return, with the aim of aligning the interests of the directors with those of the shareholders over the next three years. Notably, the non-executive directors have been granted options which will vest after three years and remain exercisable for a decade.
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