"Did we just hand literally >100% of company FY22 profit to provide exec in the form of incentives?"
That is not how I understand it. The notes for AGM notice say - The Proposed Options will have an exercise price equal to 143% of the volumeweighted average price of a share for the five trading days ending 28 October 2022
(the Allocation Date) and will have a 4-year term expiring on the 4th anniversary of
the Allocation Date.
The share 5 trading days before 28 Oct 22 was about 81c so exercise price of option is 81 x 1.43 = $1.16 and options can only vest if profit targets are met.
"Did we just hand literally >100% of company FY22 profit to...
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Last
31.5¢ |
Change
-0.025(7.35%) |
Mkt cap ! $18.75M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 35.0¢ | 31.5¢ | $18.16K | 55.34K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70000 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 1286 | 1 |
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| Last trade - 15.40pm 15/05/2024 (20 minute delay) ? |
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Last
35.0¢ |
Change
-0.025 ( 4.48 %) |
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| Open | High | Low | Volume | ||
| 33.0¢ | 35.5¢ | 33.0¢ | 8202 | ||
| Last updated 15.40pm 15/05/2024 ? | |||||
| KME (ASX) Chart |