RE: Cost reductions19 May 2020 12:13
Fuddstone ?? somehow you seem to miss the bigger numbers (think I did say 'mostly', really to avoid this).
Fwiw, and to give a reality check on the bigger numbers, here's the para on the LTIPS
"In place of the LTIP scheme, executive directors will receive options to subscribe for an aggregate 18.0 million Ordinary Shares, exercisable at a price of 6.25 pence per new Ordinary Share (the "Market Price Options"), being the same quantum as the aggregate LTIP awarded over the past five years. The Market Price Options will vest in equal tranches after three, four and five years' further continuous employment. Previous LTIP awards were for nil cost options but subject to relative performance criteria."
Director
Number of options
Exercise price (pence)
Vesting date
Sam Moody, CEO
1,691,048
1.0
19 May 2021
3,166,666
6.25
19 May 2023
3,166,667
6.25
19 May 2024
3,166,667
6.25
19 May 2025
Stewart MacDonald, CFO
1,388,762
1.0
19 May 2021
2,833,333
6.25
19 May 2023
2,833,333
6.25
19 May 2024
2,833,334
6.25
19 May 2025