ION 7.69% 1.2¢ iondrive limited

Not sure I'm a fan of these incentives. Don't have an issue with...

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  1. 4,514 Posts.
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    Not sure I'm a fan of these incentives. Don't have an issue with the number (although I think it is generous towards Turvey and Billing.)
    Using the VWAP in March, yet granting the options in November? I would imagine that both tranches of options will be well in the money by the time they are granted.
    The options lapse if the director leaves within 2 years great, but not great when they'll be in the money so close to issue, if not before.
    Actually, I think I do have issue with the number of options. It will be 7.6% of the company, not sure I like that..

    Anyone else got any thoughts?
 
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