RAC 2.00% $1.79 race oncology ltd

Ann: Appendix 3G, page-28

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    The options issued to directors last year were at double the prevailing share price, on the basis that they raised capital for the company out of their pockets at a premium to the market price.
    The options issued to Borje were issued at around double the prevailing share price and it was necessary for the share price to quadruple for the options to be worth the equivalent of what he might expect to earn in wages for his time.
    Dr T's CSO role draws no cash salary and is paid for in ootm options where the share price needed to quadruple for him to earn what would be an expected salary for that type of role.
    As a shareholder since August who continues to accumulate the issue of options looks like it will eventually be very rewarding to employees and directors, just as the ownership of shares will be very valuable to shareholders.
    Everyone can have their own opinion - but I wouldn't call the options "generous" because they were all so far out of the money at the time they were issued to people who are adding huge value for all of us, in the pursuit of saving 1000's of lives a year!

    ps What do you think the people who had 6000000 options expire with a strike price of ~30c a few weeks ago would give to have those options exercisable now? They were worthless then but 6M 30c options now would be worth over $1M !
 
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