LONDON – Supernova Digital Assets PLC (AQSE: SOL), a player in the digital assets space, has announced the grant of stock options totaling 160 million ordinary shares. These options, linked to a share in the company at £0.001 each, are exercisable at 0.325 pence per share, corresponding to the share price on the day of grant, which was last Monday.
The grants are part of the Supernova Enterprise Management Incentive (EMI) option plan and additional non-qualifying options. According to EMI, 50 million options were granted to Nicholas Lyth and the remaining 110 million options were granted to entities controlled by Mike Edwards (Marallo Pte Ltd) and Mark Rutledge (Carraway Capital Corporation).
The vesting schedule for these options is structured so that 12/36 of the shares vest on the grant date, with an additional 1/24 of the remaining shares vesting each subsequent month. Options have an expiration date set on the 10th anniversary of the grant date.
The move is part of the company’s broader strategy to encourage key individuals within the organization and align their interests with those of shareholders.
The directors of Supernova have taken responsibility for this disclosure, which was initially considered privileged information under the Market Abuse (Amendment) (Withdrawal from the EU) Regulation 2019/310. With the public release of this information, it is no longer classified as such.
This development is based on a press release and provides a factual account of the company’s recent stock option grants without speculation or promotional commentary.
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