Seascape Energy Asia (LSE:SEA) has introduced new long-term incentive plan awards for its executive directors and senior management, with participants choosing to receive a significant portion of their 2025 annual bonus in the form of nil-cost share options. In addition, the company has granted options to newly appointed independent non-executive director Michael Buck under its non-executive director incentive plan.
Following these awards, directors’ combined shareholdings will represent approximately 7.7% of the company’s issued share capital, enhancing alignment between leadership and shareholders while supporting retention across the senior team. The board also exercised its discretion to approve an exceptional option award for the non-executive director, structured as a multiple of annual fees, reflecting the importance placed on attracting and retaining key individuals during a pivotal stage in the company’s development.
Despite these governance and incentive measures, Seascape’s near-term outlook continues to be weighed down by weak financial fundamentals. The company currently generates no revenue, continues to report widening losses and sustained negative free cash flow, and has experienced significant equity dilution. Technical indicators remain broadly neutral with limited short-term momentum, while valuation metrics are constrained by negative earnings and the absence of a dividend.
More about Seascape Energy Asia plc
Seascape Energy Asia plc is an energy company focused on exploration and production activities across the Asian region. Listed in London, the group operates with a capital-light model and uses equity-based incentive schemes to align management and board interests with those of shareholders, as part of its strategy to create long-term value in the upstream energy market.
Leave a Reply