RE: Restructuring of Share Incentive Arrangements.6 Jul 2021 16:23
Thanks for that LTI and jake.. My confidence has always been with the product. What I cannot understand is why such large benefits and Heather only having a few previously purchased shares. Also why this disenchantment with the 42p as a target bearing in mind that the Hardman forecast, which I take it was commissioned and heralded by CC, gave a current asset value at present of 38p. Was this all lies.
Coming to the present, the 'Remunerations Directors' quoted 9p to achieve 14.5p but we have already met 14.5p so that is no target, we are there. So this inhouse group of directors set themselves a target that has already been achieved, how ridiculous does that sound.
This does not bode well with me.
Then what happens if John retires, does he still retain these rights. Are you saying John has to buy these shares whatever the situation once 14.5p is reached all in one purchase and at the risk of them falling back. I think that cannot be the case or else why not buy them now on market. No this is an option and a win,win, not for us but just adds a few million more shares to the consolidation number of I think about 140m.
We have just incurred an additional 30m shares to meet costs which currently unless we are going to hear some dramatic news has just bought us an additional Vice Chairman.
I am straight forward in my dealings with people and expect Corporate Management to do likewise.
I do not often get annoyed but I do not go along with previous private losses being covered in this fashion.
It's a pity we do not have a PI director.
Hope that covers your reply also dwall.
DYOR