Options Award

Upland Resources Limited

24 November 2025

 

RNS - Notification of Option Awards

Upland Resources Ltd
("the Company")

Grant of Share Options
24 November 2025

The Company announces that it has today granted a total of 240,000,000 share options ("Options") to Directors, senior personnel and key contributors under the Company's Share Option Plan (the "Plan").

The Options have been issued with an exercise price of 1.5 pence per share and are subject to a vesting condition linked to the Company's share price reaching 12 pence. All Options carry a five-year term from the date of grant.

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Director / PDMR Notifications

(In accordance with Article 19 of the UK Market Abuse Regulation)

The following notifications relate to the grant of Options on 24 November 2025.

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Option Allocation Table

Recipient / Role	Position	Options Granted	Exercise Price	Vesting Condition
Chief Executive Officer (CEO)	Executive Management	70,000,000	1.5p	Vest upon 12p share price
Chairman	Board of Directors	20,000,000	1.5p	Vest upon 12p share price
Chief Operating Officer (COO)	Executive Management	50,000,000	1.5p	Vest upon 12p share price
Head of Drilling	Senior Technical Leadership	40,000,000	1.5p	Vest upon 12p share price
Directors (Non-Executive)	Board of Directors	10,000,000	1.5p	Vest upon 12p share price
Back Office & Subsidiary Staff	Employee Incentive Pool	30,000,000	1.5p	Vest upon 12p share price
Total	-	240,000,000	-	-

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Option Awards

Recipient	Position	Options Granted	Exercise Price	Vesting Condition
Bolhassan Di	Director	90,000,000	1.5p	Vest upon 12p share price
Gerard Murray	Executive	50,000,000	1.5p	Vest upon 12p share price
Josh Galloway	Senior Personnel	40,000,000	1.5p	Vest upon 12p share price
Back Office & Subsidiary Staff	Employee Incentive Pool	30,000,000	1.5p	Vest upon 12p share price
Aimi Aizal	Director	10,000,000	1.5p	Vest upon 12p share price
Razak Damit	Director	10,000,000	1.5p	Vest upon 12p share price
Andrew Hurst	Director	10,000,000	1.5p	Vest upon 12p share price
Total	-	240,000,000	-	-

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Additional updates to follow as filing is completed.

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