SmartKem sets USD 750,000 retention bonus plan tied to Ferrox transaction milestones

• 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, independent directors.
• 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.
• Bonuses face a 100% clawback if a recipient resigns before the earlier of the deal closing or June 30, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartKem Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-109357), on September 21, 2026, and is solely responsible for the information contained therein.