Today's block listing - what does it mean?16 Jan 2023 19:29
Note the content of these three RNSes.
28 April 2022 - Block listing
EMI Scheme - 750,000 shares
LTIP Scheme - 1,250,000 shares
28 October 2022 - Block Listing Six Monthly Return
EMI scheme - 290,500 issued/allotted, 459,500 balance remaining
LTIP scheme - 790,813 issued/allotted, 459,187 balance remaining
16 January 2023 - Block listing
EMI Scheme - 800,000 shares
LTIP/ESOS Scheme - 2,200,000 shares
This to me very strongly suggests that the 459-thousand or so balances from October are very close to being taken up by Avacta employees and the LTIP, and now also ESOS schemes, need to be seriously topped up.
100% very positive news.
Can anyone say what these EMI and LTIP/ESOS schemes are wrt top management, middle management and grunts?