Issues of Equity and TVR's23 Dec 2021 13:20
I was rather interested in yet another Issue of Equity; explained as an employee exercising share options. These seem to come in a steady dribble 22 Dec, 12 Dec, 14 Oct, 15 Jun, 30 Apr, 28 Apr, 12 Apr, 16 Mar, 15 Mar ... and whilst each amounts to a tiny change in share capital base of about 0.02% to 0.1% each time, since 30 Nov 2020, (i.e. just over one year), this comes to 1.3 million shares above the 252.6 million back then, or about 0.5%.
Curious as to what are the rules on this? Larger company would probably undertake a share buy-back, as that does not dilute the value for existing share holders.
As I say, curious rather than deeply concerned, but if anyone knows, I'd love to be educated on this :)
Thanks