Ticking up nicely and looks like it could just keep going and going-directors options start at 49 so a good target to aim for. Directors share options awarded in Oct last year as follows
The award of options under the Scheme are over the ordinary shares in the Company and are exercisable at an exercise price of 49.0p subject to various conditions. For each Executive Director, half of the options will not vest earlier than one year from the date of grant and such vesting will be subject to absolute share price performance. The options will vest in equal tranches on the first, second the third anniversary of grant with an annual hurdle of 10% share price appreciation being required in any 12 month period. The other half of the options are subject to a number of enhanced performance criteria including a more than DOUBLING OF SHARE PRICE IN A TWELVE MONTH PERIOD or other corporate and strategic goals being met.
So the directors have got to achieve a 49 p share price just to start making any money from them and all other options are based on a higher share price-so they will be doing all they can in terms of company performance so that the shares increase in value.
Thoth2, I am hoping that it is under the radar due to the low market cap, if we can move into profit then I think there could be a very good re-rate, in view of all the contracts and grants announced over the past nine months or so I think we have a decent chance and I have invested big time for me.
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