RE: 2M21 Jun 2021 16:09
and the best bit in the rns waves salary for first 12mnths and gets 12 million shares as warrants or 2% off company as if this goes off becomes an instant millionaire...imho etc etc
At the Board's request and to enable the Company to conserve resources in the near to medium term, Mr Summers has agreed to waive any salary for the first 12 months of his appointment.
The Board has awarded to Mr Summers options over 6,000,000 ordinary shares of the Company at 0.55 pence per ordinary share, exercisable for a period of two years from date of issue. Options over a further 6,000,000 ordinary shares of the Company will be granted to Mr Summers, exercisable at a price of 1.25p, subject to shareholders of the Company granting the directors the necessary authorities. If the resolutions are passed at the forthcoming general meeting of the Company to be held on 29 March 2021, the 1.25p options will be granted as soon as reasonably practicable thereafter.