That's fine and I too agree with such a scheme, however. None of the shares have been awarded yet and they would ordinarily be awarded over a Long term period. Suddenly if a takeover is there, surely they cannot just award the full 10% to all staff. Particularly since most are probably not doing too much since the TO and finding a suitor would only be sorted by a handful.
Although there is an award board for allocating the shares, will they be allowed to award them all in one go ?
Bignose - I will have to revisit the employee share scheme but it is normal for them to include a provision whereby options vest upon any change in ownership, I believe that is the case here. So if there was a takeover they would be able to exercise 100% of their options immediately.
I know many on here did not like the share scheme, I did because it highly incentivises JM & JG in particular to get RP sold, which I believe has always been the plan. Having learnt the hard way, I am always… Read More
Thanks sainpeter7- I suspected that maybe the case or the t/o of RP which has also been discussed.
I support a t/o theory and the fact that is now more than 2 months that LIFE has been suspended kinda supports my view.
The LIFE acquisition of DBC on the face of it appears quite strange, because it was only a few months ago that RP put in place a fairly complex funding arrangement, including the allotment of further shares in DBC to RP, upon it achieving certain milestones.
Pomander - When I referred to their business reorganisation, I was just making reference to the statement in the presentation taken from their 2015 Interim Report that the Group is committed to divesting of non-core assets and investments to enable the Company to pursue growth and opportunistic investments in the life sciences sector. Sorry, I had no intention to mislead.
As bignose correctly points out, I did not know about RPG's shareholding in LIFE until recently.
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