Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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And there you have it! Brookes Spouse holds her shares! So his share buy 1 month before the 21st Feb to prop share price up looking even more dodgy now! Dodgy as f***!
Not the RNS I wanted that's for sure
Axe forgot all about that, I would be to embarrassed to accept any after that debacle.
I wouldn’t trust any of them, rewarded for failure, reminds me of the politicians.
Flabbergasted, feels like we are getting right royally shafted after the money they spunked on the trial!
The Options are issued under the Company's Long Term Incentive Plan and are exercisable up to 4 July 2032, subject to the achievement of appropriate performance criteria which match the criteria for the 2021 award as set out on page 24 of the 2021 annual report.
These options mean nothing until the company achieves performance targets.
Just the usual trouble makers here
Nice to see the traders out trying to turn this into a negative. As this is a long term option and based on criteria this just reaffirms the confidence the board have that’s they WILL succeed.
No negatives from the RNS only positives in my opinion.
Agreed sharedealer
https://synairgen.ams3.digitaloceanspaces.com/2021-Annual-Report.pdf
Wild suggestion here. But folks should try reading the annual report which covers this in detail and which they all voted on last week
The interesting bit IMO is the 7% holding that the options represent (once all fully vested, of course).
Now, I don't know what the full plan details are, but does this come into play on a takeover offer? i.e. is an offer a 'trigger' under the scheme which will allow the shares to be vested and consequently used to vote?
With the known 27% holding, is this significant in rejecting or accepting a bid (either with or against the 27%)?
I'm going with Brand, Tommy and SD on this.
ATB
An absolute disgrace to award them when there is no clear plan and the share price is 85% down on the last raise. **** take.
Be interesting to see if a sp drop can be engineered or squeezed. Or if a sustained drop encourages Poly to start buying again (it wasn't that long ago we had a TR1) - I'm pretty sure that TR1 is meaningful, more meaningful than some of today's posts.
Not sure what the problem is here?
Share options are completely normal incentive plans for company directors which rewards them for working towards the goals of the company. Nobody is getting a penny until performance targets are met, which even at a low bar need to put us in a considerably better position than we are currently in.
Does anybody have the actual criteria to hand so we know how easily attainable these options are and what the exercise price is?
This reeks of .........let's sort ourselves out first before anyone else. They need to put some frikin meat on the bones before shoving this in our faces.
'With haste'..............then hurry the frig up !!!!!
Maybe this is a cryptic message to shareholders that good news is around the corner :-P
DYOR, GLA!
All the details are there on page 23 and 24 of the annual report (see Brand’s link below).
This bit confirms they can be exercised in the event of a TO:
“In the event of a “good leaver” event or a change of control of the Company, the LTIP awards may vest early, but only to the extent that, in the opinion of the Committee, the performance conditions have been satisfied at that time.”
Plenty of detail on there about what the performance targets were for the 2018-21 LTIP. I assume it will be similar for these options.
At the end of the day, if Synairgen don’t get positive results from the next trial(s) (providing we get on one), then the company will be toast and the directors and senior team won’t be getting any incentives ever again.
Perhaps some of the newcomers were threatening to walk?
It’s probably worth reading the terms and conditions and over what period of years before deciding whether the BOD have been granted anything or than an IOU IF
By the time the IF arrives we should all be happy if what was said at the AGM occurs otherwise these options are pretty meaningless in my view
They have topped up in time for news...!!!
Not done the sums, but will be interesting to see if
Poly add to correct their position to previous level..!
ATB!
Man, options are only granted - not exercised. So share capital remains same.
But what a scam share price can be diluted by 7.9 percent for directors benefit, and looks like they will get same options going forward.. For what exactly?
leroy, exercise price has been 1p in past...great work if you can get it
oj17
...Of course a number
of them will be excercised, this has not just happened by chance but by demand.....And
yes Poly will watch to see any impact on their %.
The last time you were here deramping you had to correct yourself..
I posted we were due a tax rebate... You jumped in to say it was just a credit against
futrue tax.....Then you had to admit after other posters confirmed my point
that you were wrong. I also said we had stock of SNG001 for planned P3 trials..
Again you jumped in saying nothing in results to say we had stock..WELL
at the AGM RM confirmed 10's of thousand of SNG001 and Placebo..
So would you like to correct yourself again..... Bit of a theme developing
here with your posting history............!
Oj
For someone who thinks the company will be worth almost nothing when the cash runs out. You’re awfully exercised about share options??
oj17
“ SNG - but they will also follow the cash in hand and buy SNG at almost nothing when cash runs out”
Man,
that is so funny
"Again you jumped in saying nothing in results to say we had stock..WELL
at the AGM RM confirmed 10's of thousand of SNG001 and Placebo.."
Correct the accounts of 31 December showed no inv. I questioned where the 7 million spent between then and early spring had went.. Nobody had any balls to also ask the question but myself - too many heads in sand...so if the 7 mill had been spent on inventory then fine - but at least if you are a serious invester you would look at the accounts and ask these questions - not just look the other way. At the very least you would expect that BOD would tell the investors that they have spent the money