Vesting and settlement of 2022 Conditional Share Awards and

From GlobeNewswire: 2025-06-06 04:52:00

Serabi Gold plc announces the vesting of 2022 Conditional Share Awards under the Long Term Incentive Plan, totaling 482,528 new ordinary shares. Performance criteria for vesting include Total Shareholder Return, Return on Capital Employed, and Return on Sales over a three-year period. The Board has decided to settle the awards through a cash payment based on the 20 Day VWAP price of £1.52 per share. Directors Mr. Hodgson and Mr. Howlin will receive cash settlements. Mr. Hodgson also purchased 45,000 shares at £1.69 each. This news complies with UK Market Abuse Regulation requirements. Contact information for inquiries is provided.



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