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Can Sell Max 500.000 @ 2.95 early doors.

Further to the Option discussion/ lack of knowledge myself. I was confused as to whether the Options were of no cost to the Directors as you can be issued what they call “Nil Cost Options”. For this to be the case the Strike price would have to be set at Zero.

The Strike price are set at 2p 5p 10p 15p. So the Directors have to pay the Strike price and can keep the Shares or Sell them and take the difference if SP happens to be higher / which it is now.

So will be interesting to see if they convert and Sell or Retain this first Tranche. If they believe in the integrity of the plan and perhaps a Timeline of 2/3 years re Execution of said Plan / Then they wouldn’t Sell would they ? Esp into an illiquid Market. You just wouldn’t.

Won’t get to 4p today imo. But we shall see.

Apologies Hogbog. I do Repeat if I am not certain. I will honour your wish.

Blimey. That RNS based on 2p 5p 10p 15p and based on fact they Win only if SP is higher is Truly Excellent News then imo.

It’s a Cracker.

Syms is 69/70yr old. So …

Number 1 / He’s not exactly looking to move to a better offer.

And…

Number 2 / He’s looking to Collect those Options pretty quick ; say within 2 years ?

This gives us almost guaranteed Stability and Continuity in a micro Company. Just what we need.

All are Aligned.

Thank you for your input Hogbog.

I suspect they are Freebies due to fact that the Options are acting as compensation for No Salary Increase since 2021.

If the Directors do have to pay to Exercise the Options then that is Super good for Shareholders. But if they are “Freebies”, then it is what it is. The Cake still there but the Cream taken off the Top.

Hogbog. I hope it’s not a Freebie. But Companies can grant Options to Directors as Freebie as Nil Cost Options / often if Performance Targets hit.

I think they are Freebie ?

Hogbog. In your scenario if SP was 1.9p and Strike price Option was 2p. Assuming they are Freebies and they needed the cash / They’d still make 1.9p per Share in profit yes ?

Or is it dependant on Market being at 2p for them to Access the Options ? Along with the Milestone hit of course..

I’m thinking they are granted as Free. Accessibility determined by stated Milestones hit. Would this render the Strike price set as irrelevant ? As the Directors just get the amount of Shares relevant to the Strike price equivalent?

ie : You get 1.2m Shares at 15p equivalent but if Market is 9p at that time / They still get 1.2m Shares ? It’s just that in this scenario the agreed renumeration compensation package would be worth less than originally predicted. But all is fair in love and war ?

Bermondsey. Yes I agree with you. Needs clarification. The Options must either act as you say ie : Director must pay for the Shares at the granted Exercise Price. Or they are Nil Cost Options / in which case they would be a “Freebie”. But RNS does not state they are Nil Cost Options. Needs clarification.

And I hasten to add that the Higher the Strike Price goes ie 15p / The harder it is to get that Market Price to exceed this esp given the fact that 59million Options need to be absorbed into the Market thus increasing Share count, meaning tbe MCap wou,d have to be even higher than 15p x 396m Shares as is now.

Or have I got this completely wrong ?

Any Experts ?

Because if the Directors are not as confident as a Monkey / then they set the Option Strike price at 1.5p 3p 7.5p and 9p ?? Instead they go 2/5/10/15p. Remember / this is to compensate them for services rendered on lower than average salary. It’s like setting the High jump bar at near world Record height. Knowing they have shoes with springs on ??

Can we get an Expert on here re Company Directors Options.

As I understand it the Options don’t cost the Directors anything so long as they collect and cash into the Market assuming Market price is higher as is now. Obvs there will be a Broker fee. The Director gets the difference ie 2p Options. Market paying 3p. 1p per Share profit.

However if said Director wants to keep the Shares then he/she will pay at 2p and keep them and potentially cash them in at higher price at later date, thus making more than 1p profit per Share.

If the Current Share price is say 1.9p. Then in effect the 2p Options and all others are worthless until at least the Strike Price is reached as they could Buy on Open Market because ultimately they do have to purchase them with their own cash.

Apparently the most Tax efficient way to pay yourself as a Director on High Income is Keep Salary low. Compensate with Options.

Have I got this right re the Directors position re Collecting Options ??

Because if I have. This RNS is excellent for Shareholders due to Milestone prices 5p 10p 15p !!! They must be confident. Must be.

Back up breaking through into the 3’s now.

Can Sell 500.000 max at 2.9p.

A couple of 500.000 Buys earlier this morning declared as Unknown were most likely Buys imo @10am.

Last year AGM was 30th June 2025. Right at the end of Q2 which corresponds with this years commitment by the Directors to get CLIA accreditation “Expected Q2”.

I believe the Options are No Cost to Directors. If price is 2p Allan can collect first lot in as soon as CLIA milestone hit / although I’m not sure how the Price dependency works if Price below the 2p 5p 10p 15p assuming milestone hit. ie : What would happen if price 1.9p upon CLIA ? 4.9p 9.9p etc.. Guess they don’t get the Shares until ?

Would be interesting to have a media Interview with Allan and discuss how they came to to 5p 10p 15p valuation price. Post CLIA of course. Surely he will do some kind of media promotion to share recent insights.

Nobody can now deny that the Directors are clearly aligned to the success and growth of the business. This was a worry and point for discussion on here previously, so Box Ticked ☑️

I believe it is more than fair to current Shareholders, solves the invisible accruing Renumeration debt owed to Directors and supports Value to future potential SP appreciation.

What will be interesting to note will be when Options granted upon Milestones achieved, that the Directors keep their Shares for a potential end game.

Fallen back now to 2.8. Interesting that they will still take 800.000 in one go.

They will take up to 800.000 Shares at 3p. 500.000 you get 3.1p.

They need your Shares.

Well done Scoopy. Stay with it.

This should rise now pre and post CLIA accreditation. Nailed on Roderney.

If it’s 5p then that would be a serious platform to progress. But we shall see Roderney.