Paavo response23 Jan 2026 16:39
Thought I would share Paavo’s response on here.
Hello James,
Apologies for the delayed response. It has been quite busy since returning from JPM.
Regarding the PDMR transaction, I have consistently informed all investors that the transaction was carried out purely for personal reasons. Jurriaan is incentivised with 180,000 stock options. We acknowledge the optics this transaction may give to the markets and management has also received this feedback from shareholders.
To clarify, the transaction involved 4,000 shares, and no other transactions have been conducted by management recently. Our CEO and previous CFO purchased shares last autumn, and our Chair bought shares over the summer. I hope this provides some level of clarity.
Best regards,
Paavo