RE: RE, DS not taking up options3 Nov 2023 10:27
I assume Richard Dugdale believes that CS was allowed to exercise options purely on the basis that a sale is no longer proceeding, as such in no longer privy to insider information.
If my assumption is correct, then I can’t say I agree with him.
Firstly if at any point a potential transaction is no longer proceeding, the market needs to be informed, no ifs or maybe’s, market has to be informed.
Secondly the exerciseing of the options whilst ongoing sale talks were taking place was debated in some detail.
My recollection was that options can be exercised whilst talks are ongoing.