Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Hardly call it long term incentive plan, more a bonus, as once dhsc is concluded and sp exceeds the 1.38 AND IT WILL imo?
The long term incentive imo, will be to KEEP the sp, over 1.38, until they can get it?
A lot can happen in 3 years... Double, treble, quadruple, even 10 bag...
or maybe loose the lot?
#BringItOn :) dyor imo
BoD detailing a Long Term Incentive Plan.
Not thinking about how to repay £ millions back to DHSC after losing a court case.
Every picture tells a story.
It's not about simply crossing £1.38 but being above that in three years time. Yes that is easily achievable but it's not a given, even if they win the dispute, it will still require they are successful and don't fail from here.
As I've said before it could have been far more egregious but at this modest dilution in three years time it will make no difference to long term shareholder value and they are now incentivised to see the share price go as high as possible as those shares can make them all multimillionaires if they maximise future value here.
You might not like it from a personal level seeing these directors enrich themselves but it's fine from a company standpoint.
£1.38 is quite a low bar, it will jump past that when we win against DHSC, this having nothing to do with growing the company. Money for nothing.
Yes Naewise I think this is a way to get around the fact that they can't buy on the open market now and won't be able to buy until after the dispute and the share price is a lot higher. So at least doing this now gets them a good future remuneration package.
Many management teams give themselves humongous options so this is really very modest to me and points to them truly expecting the DHSC dispute to go their way, so i'm happy with it.
Can we read anything into this in as much as they have published their incentive scheme NOW as opposed to AFTER DHSC announcement? Or is this simply a legal requirement?
At least it is realistic unlike the last one. £1.38 is a fairly paltry bar but I expect many of us will be gone by then anyway.
What is frustrating is there is no incentive for them to push beyond the max figure and if they somehow achieved it, wouldn’t want to anyway as it would increase the base for the next one
So essentially the board have put a £1.38 ceiling on the SP which is about £95m marcap - if we don’t lose the dispute and get a bit of cash back this seems fair as it may represent cash.
An actually vaguely sensible rns for a change
HC, they already have a good rémunération also.
Its not about the number of shares created for me.
If they think they Can achieve 1.3+£ then also start buying shares.
For me its not a Bad news or a good one.
I don't think it really matters, the number of shares awarded in total is minuscule - total shares would go from 70.6m to not even 73m.
Happy with this, ensures they are all incentivised and will still want the share price as high as possible, not just greater than £1.38
30% pa compounded my basic maths gets to 1.38 ish ? Or would the baseline reset each year to previous year close ? The next few weeks could see it be an impossible challenge or an incredibly soft one.
My easy thought :
The baseline is based on the SP at end of december 2023, 0.63£.
That is an easy base for your bod @NovacytGroup if you win the DHSC case.
Best you start also buying shares asap on the market to show your interest and belief in the company !
(If/when no closed period as discussed of course...)
https://twitter.com/Larry64450205/status/1782655352795758702?t=4_1WVAsf2HeRfnwSy0SYkA&s=19
Stush no way and the directors able to buy shares right now - there’s obviously been settlement talks going on too, what if the likely difference in settlement cash is £60m vs £10m, that’s hugely material and something the public has no access to.
WBA = jackanory
Makes my losses bearble
It certainly is a story mate.Are you lonely?
Does anybody know if any current board members have bought any shares? Has LR bought any since joining the board? I’m assuming that because the content of the most recent RNS is public knowledge then board members will be able to demonstrate their confidence in the outcome of the dispute by putting their money where their mouth is so to speak.
*April 2021
Kpa1 , my plan was really just to put £250K in Novacyt , which is what I did on 2nd October 2020 @ average of £7 . If i was smart and just knew that the DHSC would screw Novacyt i would have cashed out @ £11ish and made £400K -250K = £150K . Unfortunately, no one anticipated the RNS on 9th October 2021, and the SP crashed from £9 to £3.50 . It left me stuck at a high average like most people. Since then, I have been averaging down . That's my story.
1st may... International workers day. You sure Doc ?
You're good....considering that the company doesn't know exactly when the outcome shall be announced.
Wba what was u thinking putting 600k in here !!!
U need covid 20 and 21 quick.... peeps don't bother getting jabbed no more .... criminal closing the UK 🇬🇧 down.
I think we will get a RNS on 1st May with news of pre trial outcome.
Obv ment man not nan
Thats twice now you get a thread heading
Calm down nan,,you are getting to be a very excitable young man
Court case isnt over yet and you are spouting £130 Million +
Maybe best to watch from the sidelines for a day or two to catch your breath
You dont want to be THAT person who people roll their eyes at when you post
Lets get over 83p first then we can start to believe