K&C REIT plc, the residential real estate investment trust group, announces that the Board has agreed to grant options over ordinary shares of 1p each, as detailed below, to George Rolls, the former non-executive director and then chief executive who left the Board in December 2015.
The Board has also agreed to make a payment of GBP25,000 to George Rolls, conditional on a further fundraising being completed by the Company.
These grants are in recognition of the significant contribution that George Rolls, whilst unremunerated, made to ensuring that K&C REIT successfully floated on AIM in July 2015.
KCR : K&C REIT gives options to former chief exec