Totally Share Discussion Threads

[sikhthetech] 06/5/2020 22:22

empoggio

The options granted were part of the Saye scheme exercisable in 2023...


"The options have a savings contract start date of 1 February 2020 and are exercisable between 1 February 2023 and 31 July 2023."

[empoggio] 06/5/2020 21:36

sikh: I was referring to the options to staff, I think in December, which were not time limited, but share price sensitive. Albeit, the exercise price was set at 10p. What this means is that if the 'kick-in' price is not reached, then they can not be excercised. On the other hand, if the 'kick-in' price is reached, those that took the options, need only pay 10p...and theoretically sell immediately at that price, thus making a nice profit. At this point, those that sell the excercised option would be deemed to see no more potential in the share price Those that hold, will be seen as still believing in the company progressing further. that kick-in price is currently an objective for the staff

[spacedust] 06/5/2020 21:20

I do hope so porks

[deltrotter] 06/5/2020 21:19

That was him! Thanks Nobby.

Wonder what he is thinking now. Kind of feel sorry for him.

[porky8] 06/5/2020 21:08

Momentum ...... Could there be a few Shorts ..... Needing to close .....

[nobbygnome] 06/5/2020 20:35

1GW! And he definitely went to the meetings because I met him at one.

[deltrotter] 06/5/2020 20:27

Who was the bloke who deramped on here for a year or two - cant remember his name.

Said he went to the AGMs... sold at 11p I think.

Any idea?

[porky8] 06/5/2020 20:19

It's just a good company .... Run by good people....... Hard working ..... Dedicated .....Ambitious ........

[sikhthetech] 06/5/2020 20:13

graham, agree the options are different from the incentive scheme introduced when they bought GBH.

Wasn't Empoggio referring to options or did I misunderstand?

[grahamwales] 06/5/2020 19:55

Sikh

Those are options that lapse at the end of the year. The incentive scheme are completely different and range between 35p to 55p.

[sikhthetech] 06/5/2020 19:50

empoggio, if you look at the link I posted in my previous post..
Annual Report pg 69, you'll see there are options with an exercise price of 27p, exercisable by end of this year..

The BoD have worked hard to build the company up, so they deserve them... Having high exercise price means they will continue to build the business..

[empoggio] 06/5/2020 19:33

Amongst all the personal and antagonistic rubbish being posted here, I am grateful for more than one answering my query: What kick-in price the options? Now that we have a figure, ranging from 36 - 44p, now I can give my guess of the rise. The options were there to incentivise staff, including directors to build the company up so they can exercise their options at a price of 10p! But the share price must reach the kick-in before they exercise. Therefore, that is the target price range for me. At that level, depends who takes up the options, will mean more or less dilution, but the incentive is there to reach that price as minimum...after, one will see!

[grahamwales] 06/5/2020 18:52

I notice Bob has upped his share purchase from 50 shares last time to 100 shares now.

[grahamwales] 06/5/2020 18:49

Missed off the last bit.

Awards will vest on a sliding scale dependent on the achievement of certain share price hurdles measured at the Vesting Date (“Hurdles̶1;) from 25 per cent. of any Award at a price £0.35 per Ordinary Share to 100 per cent. at £0.55 per Ordinary Share, with the Hurdles being measured as the average of the mid-market price for an Ordinary Share for the ten Business Days ending on the Vesting Date.

[grahamwales] 06/5/2020 18:47

Tricky cheers


Awards will vest on a sliding scale dependent on the achievement of certain share price hurdles measured at the Vesting Date (“Hurdles̶1;) from 25 per cent. of any Award at a price £0.35 per Ordinary Share to 100 per cent. at £0.55 per Ordinary Share, with the Hurdles being measured as the average of the mid-market price for an Ordinary Share for th

[grahamwales] 06/5/2020 18:36

Sikh

Can’t find the target share prices though, they vest in 2022 so if Liontrust are looking for £1.40 they may know more than us on the incentive price. Would be happy to wait 2 years for £1.40 lol

[sikhthetech] 06/5/2020 18:23

Graham, is this it?

Page 31 & 69 - was a year ago...

[grahamwales] 06/5/2020 18:21

In addition, as part of the Acquisition, a new long term incentive plan is being put in place with effect from Admission to incentivise and retain the key senior executives in the Enlarged Group including key members of the senior management team of Greenbrook Healthcare. Conditional on Admission, awards under the LTIP totalling 10,500,000 options to acquire Ordinary Shares are to be made at nil cost to certain executive Directors and members of the senior management team of the Enlarged Group. These awards are dependent on share price growth hurdles and have a three year vesting period. An employee benefit trust will be established by the Company to subscribe for the new Ordinary Shares in the Company necessary to satisfy the awards.

Under the LTIP, the Board has, conditional on Admission, conditionally awarded 3,000,000 new Ordinary Shares to Wendy Lawrence (Chief Executive Officer), 1,500,000 new Ordinary Shares to Lisa Barter (Finance Director) and 1,500,000 new Ordinary Shares to Gloria Cooke (Clinical Quality Director). In addition, a total of 4,500,000 new Ordinary Shares have been conditionally awarded equally to certain key members of the Greenbrook Healthcare senior management team, being Michael Steel (Chief Executive Officer of Greenbrook Healthcare and Proposed Director of the Enlarged Group), Dan Annetts (Chief Operating Officer of Greenbrook Healthcare) and Dr Sally Johnson (Medical Director of Greenbrook Healthcare). Assuming satisfaction of the conditions in full, the awards will vest on 20 June 2022. If vested in full the Ordinary Shares resulting from the proposed LTIP awards would constitute 5.7 per cent. of the Enlarged Share Capital.

[grahamwales] 06/5/2020 18:14

Hybrasil

There are a number of directors who will receive shares at nil cost once the price reaches a certain level. Still looking for it but the 44p was the option price which Wendy could buy shares not sure if they are still in place.

[microscope] 06/5/2020 18:07

Lot more traffic on Twitter last couple of days when searching #tly

[porky8] 06/5/2020 17:56

Great day Troops ..... Lots of trades .... In the 18p range ...... True Value is long overdue .......Recession proof company .... Busy ..... Very Busy ..... All the time .....

[hybrasil] 06/5/2020 17:28

Wendys options kick in at 44p!!!

[spacedust] 06/5/2020 17:23

Killick n co*

Miton was the other company.

Serious far fingers

[spacedust] 06/5/2020 17:16

A lot was to do with million n co buying and selling. And that other company. Forgot the name begins with M