RE: Boom/Bust Time25 Jul 2018 10:49
Hi JerseyCrew, please see below (credit goes to asjwebley for preparing this working)
Here's the correct maths:
*) Annual Salary = 75,330 Euros = £66,636
*) Shares bought on Wednesday = 2,000,000 @ 1.3 pence = £26,000
*) Shares bought by exercising options on Friday = 2,666,667 @ 0.5 pence (granted in Jan 2017) = £13,333.34
*) Total = approx £40,000 shares bought versus an annual salary after tax of £47,000
So he has actually committed more than I suggested to the company if you look at this as a percentage of his annual salary. In my estimate, now knowing anything about his financial interests away from the company, he is pretty much working full time only for stock for a year which has got to be a massive show of support. This is also ignoring the other directors who have also committed cash to the stock on Friday.