RE: Just like that17 Feb 2026 17:22
LTI, apologies for the delay, I’m in the Canaries at the moment escaping the dreadful weather in the UK and replying to your post wasn’t top of my priorities.
I think you’re getting your knickers in a bit of a twist. This was agreed at the GM on 30th Jan and the awards come with conditions and in tranches. I like the sound of the condition for tranche 2, which states that the award is conditional upon the market capitalisation as at 31 December 2026 being at least 50% higher than the market capitalisation as at 2 January 2026 and shall exclude the impact of any Equity Issues in the period.
The directors have to be paid somehow and we don’t know what goes on behind the scenes. However, if they can make me a ten bagger in a couple of years (or less hopefully), I’m cool with their equity award.
Fell