Provexis Grants Options and Warrants to CEO and Consultants

Provexis ( (GB:PXS) ) has issued an update.

Provexis plc announced the grant of 56,000,000 options and 58,730,000 warrants over ordinary shares to its CEO, Ian Ford, and to certain scientific, sales, and marketing consultants. This move follows discussions with the company’s larger shareholders and is aimed at aligning management and consultant incentives with company performance, potentially impacting up to 10% of the company’s issued share capital. The grant of options to Ian Ford is a related party transaction, with the directors, excluding Ford, deeming the terms fair and reasonable for shareholders.

More about Provexis

Provexis plc is a company focused on the development, licensing, and sale of its proprietary, scientifically-proven Fruitflow® heart-health functional food ingredient. Fruitflow is a natural ingredient that helps with platelet aggregation, promoting cardiovascular health by facilitating smooth blood flow. The company markets a dietary supplement containing Fruitflow and Omega-3, available via mail order and on Amazon. Provexis collaborates with BYHEALTH, a major Chinese dietary supplement company, for launching Fruitflow-based products in China, supported by extensive clinical studies.

YTD Price Performance: -0.44%

Average Trading Volume: 568,945

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £15.78M

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