7.5p could be a dead cert12 May 2017 19:58
you need to read the rns about the JSOPs and 7.4 p warrants.
The Board, having taken legal and financial advice, has therefore decided to revise the terms of the JSOP awards in respect of the Existing JSOP Shares so that employees holding such awards will now benefit from the growth in value of an Ordinary Share above, in the case of the January Existing JSOP Shares, 4.7 pence per share or, in the case of the June Existing JSOP Shares, 5.3 pence per share. This compares to 46 pence per share as was previously the case for all of the Existing JSOP Shares. This revised share price represents, in the case of the January Existing JSOP Shares, an approximate 50 per cent. premium to the current share price, or, in the case of the June Existing JSOP Shares, an approximate 70 per cent. premium to the current share price.
The Company also announces that the New JSOP Shares have now been offered to employees as JSOP awards. Those employees awarded New JSOP Shares will benefit from the growth in value of an Ordinary Share above 7.4 pence per share. This revised share price represents an approximate 137 per cent. premium to the current share price. The New JSOP Shares will only vest in full after 21 November 2019.