One day i will see a profit soon. roll on 11p. Fingers crossed PP get sorted !!
Catlows 50million options
We are seeing a number of options issued to consultants when sirius was set up coming to market, the biggest options by far are Catlows who has 50 million at 4p, he cashed in a few million on the 8th march, selling some to cover the cost, so a no cost option. He was given these on his appointment 5 years ago on the 6th april. So if he is going to use them then he should be doing it today, tomorrow, or because of Easter .. Tuesday?? .. though that would be strictly after the expiry date. As a director had he does or does not do could have quite and impact on price. When he cashed in his options in march there was some mention in the RNS of it being a brief open period before a closed period ahead of the planning, but as we know there are no hard rules on this, they can do what they want.
If they sell straight away its a circa 33% profit.... Let's hope that doesn't happen then, otherwise we've been shafted
As long as exercising option as see future value and not to take quick 25 % profit.
April 2015 Sirius Minerals Plc Option Exercise The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") announce the receipt of an Exercise Notice in relation to 1,000,000 share options granted to a consultant in March 2010 which expired on 31 March 2015. The Company shall issue and allot 1,000,000 new ordinary shares of 0.25p per share ("Ordinary Shares") at an exercise price of 6p per share, raising a total of £60,000. The monies will be used for general working capital purposes. An application has been made for the Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM with admission expected to take place from 8am on 2 April 2015. Following the issue of the Ordinary Shares, the Company's issued share capital will consist of 2,146,020,261 ordinary shares. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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