KYP 0.00% 11.0¢ kinatico ltd

Ann: Executives incentivised through securities issue, page-4

  1. 832 Posts.
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    It is not a dilution of that scale, as it replaces 4m free shares with 15million 12c shares that will only be taken up if the share price is over $0.12 (or over 16c for some of them). If the price at vesting is under 12c nobody will take up the offer, so no dilution.
    So I think it is a substantially better deal for shareholders than the original 4m shares.

    in any case, it suggests the CEO is extremely confident the share price will be over 16c within 3yrs.
 
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