PYC pyc therapeutics limited

Ann: Appendix 4E and Audited Annual Financial Sta, page-3

  1. SoT
    858 Posts.
    lightbulb Created with Sketch. 107
    re: Ann: Appendix 4E and Audited Annual Finan... from page 35:
    Mr N Woolf ceased employment with the company on 31
    July 2013, classified as a good leaver under the loan
    funded share plan. Consequently 2,624,351 of the
    6,000,000 shares awarded to him will be cancelled and
    he will retain 3,375,649 shares pursuant to the terms
    of the plan. Mr Woolf has until 31 October 2013 to
    repay the loan of 6.4 cents per share to the Company
    or else these shares will also be cancelled.
    ............
    Just wondering if 31 October 2013 has relevance(it is just over a month before the notes convert).
    .............

    Also worth noting
    on page 54:
    Citicorp Nominees current holding is 19mill shares or 4.1% of issued capital.
    ...........
    SoT
 
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