RE: Options24 May 2019 12:53
Beamer - The "option" price is at 0.1 pence (not 1 pence). This is the nominal value and has simply been ascribed for accounting purposes. For all intent and purpose, this is an award of free shares - not even market priced options. Salaries are there to get someone into the role. Variable pay should be performance based which this clearly isn't. At the very least, these should be premium priced options (which on first glance i thought they were but clearly are not!). This is nothing more than a free bung - share price could half again, and his shares still have some value. He has taken no risk whatsoever.