RE: This is why this could multi bag or a takeover29 Oct 2023 05:29
The new options will have an exercise price of 1p, which is equal to the price at which the Company's fundraise was completed in July/August of this year.
The new options will be subject to stretching performance targets as follows:
(i) 16 per cent, on announcement of FY24 audited results in line with expectations and the share price having remained at or above 4 times the issue price for at least 3 months;
(ii) 24 per cent, on announcement of FY25 audited results in line with expectations and the share price having remained at or above 7 times the issue price for at least 3 months;
(iii) 40 per cent, on announcement of FY26 audited results in line with expectations and the share price having remained at or above 10 times the issue price for at least 3 months;
(iv) 10 per cent, on announcement of FY26 audited results in line with expectations and the share price having remained at or above 30 times the issue price for at least 3 months; and
(v) 10 per cent, on announcement of FY26 audited results in line with expectations and the share price having remained at or above 50 times the issue price for at least 3 months.
All in the money share options would vest in the event that the Company is acquired (or in the event of a transaction with a similar effect). from one of the latest RNS so i asked myself this why would a company be expecting to basically have a share price over 50p lets say to keep it simple but the best bit of the puzzle is at the end .....Takeover on the cards??? All in the money share options would vest in the event that the Company is acquired (or in the event of a transaction with a similar effect... is it all starting to add up yet ? then we come to who is buying stock its all there in the RNS said it before i will say it again something big is going on behind closed doors imo of course ..its all out there to research and so are the clues ..take care guys