Longboat Energy Plc (GB:LBE) has released an update.
Longboat Energy Plc has announced the issuance of long-term incentive option awards to its senior management team, aimed at driving performance and commitment within its recently restructured executive team. The options are part of a strategic initiative to grow the company’s presence in Southeast Asia and are designed to vest over a three-year period, with specific provisions to minimize shareholder dilution. Additionally, the company has made option awards to Non-Executive Directors as compensation for reduced director fees, ensuring their continued alignment with the company’s growth objectives.
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