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Streaks Gaming Plc ( (GB:SATS) ) has issued an update.
Satsuma Technology PLC has granted substantial share options to its chief executive, Henry Elder, and chief financial officer, Andrew Smith, under its employee share option plan, with options over 560.2 million and 168.1 million ordinary shares respectively, vesting evenly over four years at exercise prices of £0.01 and £0.02 depending on the vesting period. In a further move that increases executive equity participation, the company has also issued 50 million new ordinary shares to Elder following the conversion of previously announced convertible loan notes, a step that both strengthens alignment between senior management and shareholders and modestly increases the company’s issued share capital, with potential dilution implications for existing investors as the options vest and notes convert.
More about Streaks Gaming Plc
Satsuma Technology PLC, listed on the London Stock Exchange under the ticker SATS, operates in the technology sector and issues ordinary shares of £0.001 each as part of its capital structure. The company utilises an employee share option plan to incentivise and retain key executives, aligning management interests with those of shareholders through equity-based compensation.
Average Trading Volume: 2,955,006
Technical Sentiment Signal: Sell
Current Market Cap: £3.64M
Find detailed analytics on SATS stock on TipRanks’ Stock Analysis page.