NEU neuren pharmaceuticals limited

Ann: Notification regarding unquoted securities - NEU, page-7

  1. 420 Posts.
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    My take for way it's worth;
    - Gerry has been given 500k options to exercise at $3.46
    - the options only vest if performance hurdles are met
    - the performance hurdles are set with a bar which means we, Neuren, have made significant progress
    - if we meet the hurdles and he has made a contribution to the outcome then the company will be in a very, very strong position
    - we should encourage incentives such as these not be focussed on the VWAP of $3.46 which he had no control over
    - his total options are less than 0.5% of the current SOI
    I am fully supportive of this announcement and absolutely encourage everyone else to see the merit. If we can make progress and pass the hurdles, then $4, $6, $8 per share will be a distant memory.
    Another tick from me for the Board and Jon. Well done.

 
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Last
$12.96
Change
-0.140(1.07%)
Mkt cap ! $1.612B
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$13.20 $13.36 $12.82 $4.627M 354.8K

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