2020 Bulkers Ltd. (2020) – Grant of share options
Hamilton, Bermuda, April 8, 2022 In January 2019, the Board of Directors established a long-term incentive plan and approved a grant of 740,000 share options to employees and directors (the “LTI Plan”). The Board has resolved to grant 60,000 share options to employees including one person discharging managerial responsibilities (“PDMR”) as defined by the Market Abuse Regulation pursuant to the Company's LTI Plan. Each share option gives the holder the right to purchase one share in the Company at an exercise price of US$18 per share. The share options will vest equally over a three