Aren't they already on 1st strike? At the next AGM if a 2nd strike occurs, the spill resolution will need to be put forward?
34.8/(88.0+34.8) = 28.3%
Agreed, there are some generous terms, but in relation to the 10m options Amanda has, those options have a robust exercise price.
Ann: Change of Director's Interest Notice - A Harsas, page-12
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