07:25 AM EDT, 06/21/2024 (MT Newswires) -- Zentek ( ZTEK ) said Friday it will grant certain directors, officers and employees options to acquire up to 1,935,000 common shares.

The options are exercisable at $1.52 per share for five years after they are granted, Zentek ( ZTEK ) said.

For directors and officers, the options will vest one-third on the date of grant, one-third on the first anniversary of the grant and one-third on the second anniversary of the grant, according to Zentek ( ZTEK ). Employees' options will vest one quarter on the date of grant and one quarter on each anniversary after that, the company added.

Zentek ( ZTEK ) shares were 4.6% lower in recent premarket activity.

Price: 1.0400, Change: -0.05, Percent Change: -4.59