RE: 3000,000 shares to Catto20 Feb 2024 12:37
No big deal. These are not 'Nil' paid options.
The share options have an exercise price of 27p, which means Catto has to pay a total of £810,000 when he wants to exercise them.
He will only benefit to the extent that the share price is greater than the 27p he pays.
Shareholders should be content that he really benefits only if they benefit from an improving performance and share price.