Unfortunately, without the ban on trading new business in the UK being lifted by the regulators, and no new products to sell, all CPP are relying on is renewal business,which year on year will of course decline.The company does not appear to have any viable strategy going forward, which will drag the company share price down to where is was before, namely 4p!!! I agree you, the future is definately not bright-its not Orange!!! Looks like a slow death to oblivion I'm afraid.
The specifics of this LTIP are not available to us but they are usually set with some criteria which makes the maximum vesting outcome quite difficult to achieve - that said, given the outrageous share option scheme introduced recently it wouldn't surprise me if those criteria aren't as stretching as they should be. The FY2015 results had better be good to justify the fact that these two have bagged 30m shares for bugger all outlay and are on paper currently sitting on £millions net gain - shocking given the fact that no positive trading news has come out of the company during their tenure.
The timing seems a tad suspicious to me. Given the previous highly generous Options already granted you'd think they would have waited to award themselves with more, at least until there was some concrete evidence out in the public domain that they have personally added value and are being instrumental in creating a stable Company with increased profitability. It may be that's what they are actually achieving - but there's no supporting evidence at the mo.
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