The parent company operates an equity-settled share-based payment scheme on behalf of the company. This scheme has been provided to certain employees, contractors, and advisors.
At the date of the financial statements the company had granted 1,702,688 share options to 72 employees with an average exercise price of $0.0001 per share. As at the year-end 227,030 options had vested, 87,198 options had been exercised and 607,134 had lapsed.
All employee options issued had a two-part vesting conditions: 25% of the options shall vest on the first anniversary of the relevant vesting commencement date and the remaining 75% of the shares shall vest in 48 equal monthly instalments following the first anniversary of the vesting commencement date.
At the date of the financial statements the company also had granted 161,502 share options to 3 non- employees with an average exercise price of $0.89 per share. As at the year-end no options had vested, 85,062 options had been exercised and 65,118 had lapsed. These options vest over a period of three to four years from the date of grant, in accordance with the option contracts