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RichReach Corporation: Update on the additional Stock Option Shares offered

RichReach Corporation Public Ltd (the “Company”) wishes to inform the investing public the following with regards to additional Stock Option Shares offered to the persons who have declared interest in participating in the Stock Option Scheme of the Company:

  • Further to the Stock Options exercised by the three Directors in 2022 (http://oam.cse.com.cy/Announcement/AnnouncementVariation/66236, the Company has offered to the three Directors the total of 8,125 Stock Option Shares at the Exercise Price of €0.05 per Stock Option Share, with grant date the 01/06/2022 and Expiration Date the 31/05/2023, in accordance with the provisions of the Company’s Stock Option Scheme.
  • Mr Epaminondas Metaxas has resigned from the position of non-executive Director of the Company on 03/04/2023, thus, he is entitled to partially exercise his Stock Options. Due to this, the Stock Option Shares that can be exercised by all three Directors are 7,709.
  • The period for exercising their Stock Options starts on 01/06/2023 and ends on 31/08/2023.

The Company will proceed with a new announcement regarding the exercise of the abovementioned Stock Options not later than the last date of the exercise period.

Wednesday, 31 May, 2023 - 13:42