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On June 24, 2025, Mila Resources Plc awarded 17,142,857 share options to Directors Mark Stephenson and Jonathan Evans (across exercise prices of 0.7p, 1p, and 2p) and 15,714,286 options to other senior team members. All options vest on June 24, 2025, expire on June 24, 2030, and the Directors' options represent 2.6% of the share capital after expected share admission on July 8, 2025. Mila Resources Plc also extended the expiry of 200,000,000 investor warrants, issued on November 9, 2023, and exercisable at 2p, from November 9, 2025, to November 9, 2026, which would raise £4,000,000 if exercised in full.
| Date | 24 Jun 2025 |
| Time | 14:05:08 |
| Category | Miscellaneous |
| ID | 2192O |
Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources
24 June 2025
Mila Resources Plc ('Mila' or the 'Company')
Management Share Options & Extension of Investor Warrants
Mila Resources Plc (LSE: MILA), the gold exploration company, announces that it has awarded the senior management team with share options to align with shareholders and in recognition of a cost cutting programme that impacted cash salaries across the team at the beginning of 2025.
|
|
Share Price |
||
|
Director |
0.7p |
1p |
2p |
|
Mark Stephenson |
4,285,714 |
2,571,429 |
1,714,286
|
|
Jonathan Evans |
4,285,714 |
2,571,429 |
1,714,286
|
|
Total |
8,571,429 |
5,142,857 |
3,428,571
|
The share options vest on 24 June 2025 and expire on 24 June 2030. The Directors options package will amount to 2.6% of the share capital following the admission of placing shares that are expected to be admitted on 8 July 2025.
The Company has also awarded other senior members of its team with 15,714,286 options that that carry the same performance conditions as above.
The Company will be maintaining its current base cash salaries and will continue to incentivise its team in alignment with shareholders.
Extension of Investor Warrants
The Company issued 200,000,000 investor warrants on 9 November 2023 that were exercisable at 2p until 9 November 2025. The Company has agreed to extend the expiry of the warrants to 9 November 2026. If the warrants were exercised in full, the Company would be able to raise £4,000,000.
**ENDS**
For more information visit www.milaresources.com or contact
|
Mark Stephenson Mila Resources Plc
|
|
|
Jonathan Evans Tavira Financial Limited
|
+44 (0) 20 7100 5100 |
|
Nick Emerson SI Capital
|
+44 (0) 20 3143 0600 |
|
Damon Heath Shard Capital Partners LLP
|
+44 (0) 20 3971 7000 |
|
Susie Geliher / Charlotte Page St Brides Partners Limited |
+44 (0) 20 7236 1177 |