RE: Last placing at 1.8p13 Jun 2025 17:06
"NVS put his hand in his pocket at 1.8p" - Do you really mean he invested some of the options money the directors ripped out of the business at 6.94p?
And then bought into a placing at 1.8p. The Directors should return ALL the money they took out at 6.94p.
March 2021
Arc Minerals announces that 75,837,378 share options have been surrendered by a number of persons discharging managerial responsibility ("PDMR"). The Company has taken that decision to reduce the potential dilutive impact which would arise from the exercise of share options in order to optimise the potential upside of its value per ordinary share of the Company.
The share options, further details of which are set out below, are currently exercisable at a profit.
In lieu of this surrender, the share option holders will be compensated in line with the Black-Scholes fair value model, using a 10-day VWAP of 6.94p through cash and / or shares to be issued at the Company's discretion to a total value of £3,474,179 ("Consideration"). It remains the Company's priority in respect of the surrender of options not to issue further shares to management thereby avoiding diluting shareholders' interests.