RE: options1 Apr 2018 10:53
will they or wount they, can they or cant they?
Looking back options were granted before in 2011, granted at 21p and exercisable 4 yrs later.
The price when due to expire circa 5.2p....
Needless to say options not taken. ....
The extension of the current options complicates the conclusions derived after the expiry date of the 9th April.
My understanding...Options cannot be dealt if the company is in a closed period, ie they are in possession of inside information that will effect the share price.
This means any information will have to be released to the market prior to the 9th if they are to exercise. So if they exercise these options, there are no deals in the pipeline?
If they do not exercise then there could be deals or just the holders just thinking at the current price not worth it.
However the extension throws a spanner into these thoughts in my opinion....
MAR sets out certain circumstances in which the issuer may permit options to be exercised during closed periods. These include the situation where the option would lapse, if not otherwise exercised, during the MAR closed period, provided the option holder has given at least 4 months' notice of the intention to exercise. We may see the terms of share options now stating that they will be automatically exercised on the day preceding the last date on which they can be exercised;
http://www.shlegal.com/news-insights/getting-the-green-light
So options exercised or not exercised ...dont think we can read too much into it....of course imo.