Awarding shares in lieu and performance shares while suspended and fishing around for a deal is not exactly acting in the best interests of shareholders.
Why not a straight forward pay cut until the situation is resolved or if there is no foreseeable resolution call in the administrators?
”Seen to be acting” , in effect putting on a charade is not in the interests of shareholders or anyone and in any administration proceedings this will be easily exposed and then the directors are personally exposed.
Your reasoning makes very little sense and is contradictory, seen to be doing something rather than actually doing something doesnt cover any legal bases.
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