RE: Pred1 Dec 2022 14:50
The placing of new shares were today, so its their listing.
Also the two directors loaned their shares for the listing, ,,
A back-to-back loan arrangement between the Directors and the Company
They have worked it nicely..put the terms way down the RNS, and nobody discussed the interest being paid on the BB??
The executive Directors will be compensated for prematurely exercising and then selling their Company share option incentives for the exclusive benefit of the Company
The Loan to incur interest at 4% above SONIA (Sterling >>>Overnight<<< Index Average) >>>until<<< repayment has occurred. thats about 7% a day, could be up to 3 months, not sure
Are they being paid daily,??? no where does it say at the end of the term, pro-rata, monthly, or daily
If daily, then they are multi-bagging big time, £43k per day, almost £4M at 91 days
Nobody discussed that, I could be wrong
And they get their all their options back, but at the price sold 8p, they were 5p & 5.66p, smoke an mirrors for the interest rate
7,855,486 share options exercisable at £0.08 pence per share to be issued to Paul Griffiths (Executive Chairman) and to vest after 6 months or upon the release of a Company RNS with the MOU-2 test results - whichever occurs first.