Ann: Application for quotation of securities - LNY, page-24

I don’t think it’s worse. Sure to be good to their shareholders they could’ve bought on market and not taken advantage of options they’ve been granted by the share holders previously, but that would then apply to any options by directors or employees of a company. How they were granted the options is probably more the question.

The point I’m trying to make is - they could’ve:
1) done nothing,
2) waited til the share price dropped more and bought for cheaper on the market,
3) or done what they did.

Why take option 3 unless you don’t think you’ll get them any cheaper.