options-further advantage25 Oct 2018 11:53
i attach an extract from dec 2017 rns. the further advantage is that the employee is locked in to the company for a period-if he leaves before the options lapse he loses the unvested options.So we tie in the brains .....
Fascinating Captain!
The Board of CAP-XX announces that a total of 17,995,000 options to subscribe for new ordinary shares have today been granted to Directors and various employees of CAP-XX.
The options have been granted pursuant to the CAP-XX Limited Share Option Plan at an exercise price 11.25p per share, being the closing mid-market price on 11 December 2017. The share options have a life of five years, with 25% of the options vesting 12 months after the anniversary of the grant date, with the remainder vesting in equal monthly amounts of 1/48th from this date. Following today's grant, the Company will have a total of 42,865,000 stock options outstanding.
The table below provides details of the options that were granted to persons discharging managerial responsibilities (PDMR) (or persons closely associated with them). Â