Mercia Asset Management (GB:MERC) has released an update.
Mercia Asset Management PLC has announced the grant of options over 950,000 new ordinary shares to a number of its employees, including a key financial controller, under its 2014 Share Option Plan. The options, which amount to 0.21% of the existing ordinary share capital, are set to vest over the next three to five years, conditional on performance. This grant brings the total number of options issued under the plan to about 8.7% of the company’s issued share capital.
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