SmartKem sets USD 750,000 retention bonus plan tied to Ferrox transaction milestones
SMTK•Clawback terms
Bonuses face a 100% clawback if a recipient resigns before the earlier of the deal closing or June 30, 2027.
Payout timing and eligible recipients
Half became payable on board action dated Sept. 16, 2026; the remainder becomes payable upon filing a Form S-4.
CEO Ian Jenks is eligible for $200,000; CFO Barbra Keck for $150,000; independent directors for $100,000 each.
Retention bonus plan tied to Ferrox deal
SmartKem adopted a transaction retention bonus plan tied to its previously announced deal with Ferrox Critical Mineterals.
Aggregate bonuses total up to $750,000 for the CEO, CFO and independent directors.
