Puzzle solved29 Jul 2022 15:50
Hello, some may remember that in April this year I was concerned that both Mr Owen and Mr Birch had very little skin in the game, so I was not expecting any substantial news until new options were announced to reward these guys.
After some trawling back through previous RNS’s, I have found that, in March 2019, both Owen and Birch were given options. If you convert pre dilution price to current price, and add what they already hold, the gentleman actually have a total of:
Michael Owen 68,000 shares with ownership and options
Clive Birch 97,000 shares with ownership and options
Even at £20 a share, if that was the offer, and paying the higher option price of £3.50, this would give both men over £1m.
This to me, puts all directors in line for a decent reward and is not the stumbling block I mentioned back in April. GLA.