Member Info for ExMS

I only present facts

Cuvio
Oh please.

Shaun Day, MD at Greatland Gold gives a corporate update on London South East at 15:30 tomorrow and takes your questions live afterwards. Please register here.
Share PricesNanosynth Group Share PriceNanosynth Group Regulatory NewsCEO remuneration and Issue of Options and Bonuses
Pin to quick picksNanosynth Group Regulatory News (NNN)

NNN Share Price
NNN Share
Price
NNN Share News
NNN Share
News
NNN Share Chat
NNN Share
Chat
50
NNN Share Trades
NNN Share
Trades
77
NNN Live RNS
NNN
Live RNS
NNN Information Buy NNN SharesBuy NNN Shares Add NNN to WatchlistAdd NNN to Watchlist Add NNN to AlertAdd NNN to AlertAdd NNN to myTerminalAdd NNN to myTerminal
Share Price Information for Nanosynth Group (NNN)
London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
0.615
Change:
-0.031 (-4.80%)
NNN Live PriceLast checked at 18:45:16


CEO remuneration and Issue of Options and Bonuses

Thu, 10th Feb 2022 07:30

RNS Number : 2247B
Nanosynth Group PLC
10 February 2022



nanosynth group plc

("nanosynth" the "Company" or the "Group")



CEO remuneration changes and Issue of Options and Bonuses



The Board of nanosynth is pleased to announce the following:



Amendment to Mark Duffin's Existing Options

As announced on 1 September 2021, Mr. Mark Duffin, CEO of the Company, was granted share options over 5% of the Company's share capital at the time as part of his remuneration package, in accordance with the Company's EMI Share Scheme approved by shareholders at the Company's Annual General Meeting in August 2021 ("Existing Options").



The Existing Options were exercisable in various tranches at prices varying from 1.00p to 4.00p and were subject to various additional conditions including the requirement for the Company's 20 day volume weighted average share price to exceed the exercise price within certain timeframes.



In recognition and as consideration for the significant additional hours Mr Duffin is working, and also to further incentivise him to continue to work towards raising value for the shareholders, the Remuneration Committee has i) amended the exercise price per Existing Option to 1 pence per share in relation to all the option shares and ii) removed all Performance Conditions.



The Existing Options will all now vest immediately and are exercisable up until the 7th anniversary of 1st September 2021, being the date they were granted, as long as Mark Duffin remains with the Company.

Cuvio
Ok warrants not options but it comes to exactly the same.

Cuvio
You seem a bit confused. I was merely saying that recent actions by the CEO and the BoD, promises of jam tomorrow (again) and small share purchases are merely to fend off a potential lynching at the AGM. And it has worked. Suckers rally in my opinion.
With regard to the renegotiation of his compensation package and the reduction of his option strike prices to 1p as recently as Feb 2022….. The CEO was effectively saying, 4p and above he sees no chance of any reward but at 1p he might get lucky. And that has absolutely fooked all those LTHs who are in a lot higher

Cuvio
It is my opinion that any CEO who changes his compensation package 6 months after he joins, and that new compensation plan rewards him at 1p rather than the original 4p and above, is not “ executing a plan” that will reward shareholders who are stuck at 1p and above.

@Trisor
Have you ever thought that the recent developments might just be complete bluster (a la Boris!!) ahead of the AGM and to prevent a lynching? I’d say a job well and truly done in that respect. In fact all the recent haters/LTHs have all probably added to their positions!!
How does that saying go?
Never let the truth get in the way of a good story….
Buyers beware!!

@NFF
So easy to spot and read between the lines??
Wrong!

Sinden.
I have never posted on another share. You are not wrong. Happy?

Thank you. My mistake. He has certainly been reading this bb. At least it saves his head at the AGM and has helped double the SP. Strange he didn’t do that earlier?? Nope. It’s all about keeping his job at the AGM. Just my view. ??

I just looked at how much the CEO has committed of his own dosh….. So am I right that he has bought 4nm shares? Not £4m but 4m shares? So that’s TWO GRAND!!

As the old saying goes…. If it looks like a pig and it squeals … then it’s a pig!!

Sinden
Remember when Duffers said it was all about the masks, then all about the JV, then all about an SA. Well he’s now moved away from all of them. So be very careful about believing him when he says £1.8m should be enough for the next year. I mean what else could he say? He could hardly say sorry, we’re gonna run out of dosh this year !!! Can you imagine? But would else did he say re the business going forward? After a year in charge. Nothing.

Have they all taken a pay cut?

I think you have to forget what Duffers said re having enough working capital for a year… I mean what else could he have said?

@PI
I hear ya. The problem now is with everything being equal in 4 weeks time the company will have around £1.5m in the bank and £1.2m the next month. Fookin scary stuff

Does it hurt Dr M?

- PIs getting fooked (meaning private investors not just you PI!!)

PI
I’ve never looked at an AIM stock before but if this is normal or par-for-the-course then I never again will! (You’ll e pleased to hear!!) There’s a couple on here I don’t feel sorry for but everybody else I do. And I mean that. PIs getting fooked. But, I MEAN WTF??? This company is something else. It does make me angry that they are just getting away with it. Really as many shareholders as possible need to attend the AGM. Anyway good luck

It’s Brent all over. Desperately needs to cut costs, so he decides to hire! There is a future sitcom in this…..