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Imaging Biometrics Limited's Board of Directors approved the grant of incentive share option awards to key non-Board staff and service providers in February 2025. These grants totaled up to 7,550,000 options with exercise prices of £0.0145 and £0.04. The options are subject to various vesting schedules ranging from one to three years, or upon a qualifying sale of IB Nimble for a portion of the grants.
| Date | 7 Aug 2025 |
| Time | 11:22:41 |
| Category | Miscellaneous |
| ID | 4317U |
Imaging Biometrics Limited
("IB" or the "Company")
Grant of Share Options
The Board of Directors of IB approved, at the February board meeting of the Company, the issuance of incentive share option awards ("Options") to key personnel as part of the Company's ongoing strategy to align performance incentives with long-term value creation.
The following Options were granted to key non-Board IB staff and service providers:
|
Options Granted |
Exercise Price |
Vesting Schedule from the date of grant (February 2025) |
|
1,000,000 |
£0.0145 |
50% after 1 year and the balance after 2 years |
|
550,000 |
£0.0145 |
50% after 1 year; 25 % vests after 2 years; the balance vests after 3 years |
|
Up to 6,000,000 |
£0.04 |
1 000 000 vests after 1 year; each remaining tranche of 1 000 000 vests upon a qualifying sale of IB Nimble, but not before the first anniversary of the grant |
All Options held by IB staff are subject to continued employment at the time of vesting.
The Directors of the Company accept responsibility for the contents of this announcement.
-ENDS-
For further information, please contact:
|
IQ-AI Limited Trevor Brown/Brett Skelly/Dr Musella Tel: 020 7469 0930 |
|
Peterhouse Capital Limited (Financial Adviser and Broker) Tel: 020 7220 9797 |