RNS May 1st 20202 Sep 2020 15:46
Reduced Salaries and Grant of Options RNS.
So just 3 months ago Scancell announcedreduced salaries of 25% and put in place a grant of Options tothose affected........................
01 May 2020
Scancell Holdings plc
("Scancell" or the "Company")
Director reduced salaries and award of share options
Scancell (AIM: SCLP), the developer of novel immunotherapies for the treatment of cancer announces that in recognition of the impact of the COVID-19 crisis and to help fund the initial research work to develop a vaccine for COVID-19 the members of the Company's Senior Management Team have agreed to a temporary 25% reduction in salaries with effect from 1st May 2020. None of Scancell's other employees will be affected.
Scancell announces that on 30 April 2020 it has granted 1,000,000 share options to acquire ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") to each of the members of its Senior Management Team (Dr John Chiplin, Dr Cliff Holloway, Professor Lindy Durrant, Dr Sally Adams, Dr Richard Goodfellow and Mr Keith Green).
The Options have an exercise price of 8.15 pence each and will vest twelve months from the date of Grant.
But of course given the facts it explains fully what is keeping one poster up day and night, lol.