Nautical Petroleum said yesterday it had granted 632,500 share options to its directors including 150,000 to chief executive Stephen Jenkins.
Commercial director Paul Jennings received 125,000 options, while 100,000 went to William Mathers, Nautical’s chief financial officer. A third of the options, which are worth 323.5p per share, will vest in one year, with the remainder vesting over a two-year period after that.