Ann: Application for quotation of securities - DRO, page-8

Something worth noting in annual report.
"During the year, limited-recourse loans were issued to certain employees and directors, where the company provided interest free loans for conversion of options previously issued by the company. In total,
14,315,833 options were converted into ordinary shares, at various exercise prices. The loans are due for repayment within 5 years from the date of inception. The loans are non-recourse except against the shares issued on exercise of the options and are held by the participant to which the loan relates. Non-recourse loans issued are treated as a modification of the option under the Accounting Standards. No additional expense has been recognised in relation to these modifications."
So if they pay a dividend over the next 5 years they get the benefits, if the sp increases above 65c they gain the benefit, if the sp stays where it is they give back the shares. No downside.