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It's really poor, no skirting around it. Sweden thinks the same hence the drop and volume. The BOD are taking the Mick.. how convenient.
From the RNS dates the 8th July 2022:
In establishing the LTIP, the Company's Remuneration Committee has taken advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies...
"The LTIP is designed to retain and incentivise key employees and Directors..."
Verbatim from 2022... Other than line Budge's already bulging pockets (Daddy assisted in the managed decline of the pits), they coupdnt even be harrised changing the wording.
Multiple employees have since left... So how's it working out for investors?
There's more than one way of looking at anything.... but the timing of this morning's RNS could have been better, particularly the bit about advice from a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies. The LTIP is designed to retain and incentivise key employees and Directors. Spending our precious cash on that at this moment is a bit hard to swallow. Let's hope they get a chance to earn it...we desperately want to love them a bit better.
How'd you do LUKEROEVEN and good luck with your investment.
The I know but the current (and past) management have been playing a cruel game of limbo with shareholders, just when you think the bar can’t get lower .....
That's a low bar to set chuteless...
It's at the issue price
To be fair it’s holding up well here despite news as in Sweden it’s dropped just below 0.005p equivalent today
Where to start?
Yes they do have to pay for them... But will only exercise them when they ware worth in excess of what they are permitted to buy them for. It's a gift and poorly timed at that.
The timing is appalling given the poor performance of the CEO, Chairman and directors. They have repeatedly failed to deliver... anything.
With such a low price, it's demonstrates a complete lack of belief. If the price were 10p for example, that might demonstrate faith and ambition. But no, they've granted themselves rights at a ridiculously low price, barley above the price at which they sold out existing shareholders.
So, in short, get some wool on your back, read up on the performance of the company in the last 5-10 years and then pass comment.
There will be at least two more fundraisers in 2024, and then there will probably be 2 or 3 more next year, so why buy now for 0,75 pence?
The shares are not free, the board menbers actually have to pay for them.
If you want shares at the same price or lower, just fu--ing buy them.
Never heard of a board that dosn't take care of them selves.
Nothing unusual at all.
Would they do it if they didn't believe in Beo.
SJ, Pocko, Wod. I’ve had enough already today, so may just check in later on tonight to read the comments before bedtime.
Have a decent day all.
Closed period. Yes, very good point.
I have a feeling; that these options will never be used because they're much too expensive 😂
Come on now Eric, how else are they supposed to motivate themselves. They need incentives lol. Very opportune of them. Disgraceful quite frankly, and they use the muse of 'independant company' to sort the options. Aligned with shareholders?! Are they boot! The BOD used to be or seemed to be decent in years gone by. The past few years certainly not.
And it serves to prove that there's no ongoing discussions or negotiations with interested third parties... That would be a closed period, and they wouldn't be able to do this.
The irony is, if the company was actually doing well, he could buy a corporate jet for all I cared. But it's not...
Perhaps they should focus on core business and not pass the time informally voting to hand themselves a significant chunk of the company.
The laugh at our expense is that these people see fit to give themselves Options before they even merit it, prior to their proving themselves worthy of any perks or bonuses. It’s a disgrace.
Yes, disrespectful to shareholders who have just supported the company via the fundraise, when the company is struggling. The feeling of course was that the RNS prior to the actual RNS relating to the fundraise brought down the sp, but, being cynical, I can now see why, after today’s news.
All this crap about difficult market conditions in which to raise money and then they give us today’s RNS. A bunch of c@&£s.
Only my view. Having the best interests of the company at heart.
"Beowulf (AIM: BEM; Spotlight: BEO) announces that the Board has approved the award of options granted under the Company's Long-Term Incentive Plan ("LTIP") to certain directors and senior management...'
Who wants a pay rise? Show of hands...
Tigne
Throw in a share consolidation and 20m shares will pay for the chalet in Tigbe and the kids school fees.
I suspected that the company might have 'loaned' them cash to buy their shares in the placing.
Now we know that this was the plan instead.
They're an utter disgrace. What do you expect.
They've still not disclosed what Bowie's salary is.
What's Bowie achieved since his arrival in August 2023? He's just another passenger out for a pay day.
So glad they needed to incentivise themselves with the huge number of options at a meager price.
With a[ologies...I meant the PM of Hungary not the PM of Turkey....in Brussels.
Thanks Andy. 👍
Yep, being brought up by the court at April 25th and then probably a few weeks until the final ruling, so most likely some time in May.