RE: News Tomorrow24 Mar 2019 11:42
3 million shares on the 23rd March 2019 at a exercise price of 16p.
Mr Parsons is now beneficially interested in a total of 2,602,905 ordinary shares in the Company.
The plan is aimed at retaining 3.1million shares. If he sells 2,502,905_shares at 23p, he raised £575,668. Less the cost to exercise the options, £480,000. A profit of £95,668,roughly. But, it is not so much the profit but the message it sends out. Yet you cannot hang a person for the same crime twice, can you? Better to see the end of the trading plan as a positive and a signal to buy the shares as uncertainty is removed.
Trading plan, Trading plan, Trading plan.