Member Info for Cardinal3

Contempt of court, probably. I think this guy is a legal adviser to Extinction Rebellion and will see it is an opportunity to put his name in lights and cause uproar when he is locked up for a few weeks.

Over just a few days four senior individuals, three of whom are directors, have aligned themselves with shareholders by acquiring shares. That for me is the most important development in the last week and is a massive vote of confidence, vaccine or no vaccine. I would be very surprised if this wasn't a co-ordinated approach to calm any nerves after the big price drop early in the week.

Interesting comment about Brexit.

I might be totally off beam here but my feeling is that Boris has worked out that the GDP disaster caused by the pandemic, and the bureaucratic risks of vaccines across borders, let alone trade being a problem if there is no deal, he has decided to jettison the hard border characters from his inner circle and get a deal.

Flying pigs

Hartlebury
No doubt we will find out I am right in due course!

cheers

I didn't see a screenshot. However in order to get the shares someone, eg the broker, must have bought them on behalf of the company to hand them over to him.

This discussion seems off target to me.
If the shares were given to him by the Company under the bonus scheme, which I believe is the case reading the Annual report for 2019, then he would have had no choice about dates. The LTIP started paying up after the third anniversary, which is now, not earlier.

Copy and paste from 2019 Annual Report page 52.
"Phantom Awards will be satisfied in cash. However, the Board may, at its discretion, satisfy Phantom Awards (or any part of them) by the allotment and issue of ordinary shares or the transfer of ordinary shares, subject to obtaining any necessary approvals and/or consents."

It is his Phantom bonus LTIP. Why don't people read what is written on these BB's? Or read the annual report. He didn't buy the shares, they were allotted (given) to him by the Company. The non exec director yesterday shelled out from his own pocket, hence the word 'purchase'. Today the director 'acquired' the shares.

The post by B2HS2L at 8.04am does refer to the phantom LTIP. I think the shares were allotted to him under that scheme which has fixed dates for the bonus being handed over. In the last annual report it says the bonus can be in shares at the Company's discretion- that's presumably what has happened. What matters is that he doesn't sell, not yet anyway.

Infor
'They are talking to remove the 12500 pounds exemption'.
Not what I have read. There might be a reduction from the current £12,300 but there is no suggestion it will be removed, partly as this will create a massive admin burden and no doubt lack of compliance among the masses, and who would blame them as it is complicated.

Most AIM shares are exempt from Inheritance tax if you have held them 2 years. AIM shares are not exempt from CGT.

See
Correct! In fact I was the one to raise the complaint.

any director buying is a positive sign in any event.

Seeth

You are right about getting approval to trade but close periods also apply if there is price sensitive information which has yet to be announced- and he is an insider. Think of it this way- if a big deal is announced in the next few days how would that look to outsiders? I have seen it happen and the director in deep trouble with the regulator and being forced to divest and pay back a profit as a fine.

There is no distinction between exec and non exec directors when dealing in the Company's shares.

While I agree that a director buying shares is important and welcome it does also signal that we are not in a closed season and therefore there is (or should be) no announcement of unpublished price sensitive information in the wings. SH3 please note!

HI SH3

You haven't mentioned news much today. Only three times including twice in one message. You are slipping.
Meanwhile it would be good to know who is using our PCR test kits.

Gizmo

Anyone Involved with Aldershot Town FC needs more than their ID checked.

Hi Sageman

I can empathise with your post. The deciders for me were
1 The chairman gave a gushing intro to the the annual statement saying how impressed he was with SS
2 SS had hit all his targets and deserved his £300k bonus per the annual accounts - quite how shareholder return wasn't a target I have no idea and
3 SS has never bought any shares. That should have been my signal much earlier but as you say you were taken in, as many were. If the CEO won't buy, why should anyone else? Arguments that it was always a closed season don't wash. You can always buy immediately on reporting trading updates or you are saying that there is something hidden.

Question is which company is supplying these tests?