Interesting to see that OLV board is looking after key employees ahead of the curve here - well done !
This is the biggest single issue as a % of the headroom available under the ESOP since IPO. I assume that the ESOP is capped at 10.0% of TSOI.
The exercise price is some 50% above the current OLV market price so no-one can disparage this as a free gift - good work to reward your employees ahead of the re-rate. The options vest over a sensible period (1-4 years) so it aligns interests with all stakeholders here.
Given last quarters release mid January IMO I expect to 4C business update to be imminent and IMO I think it will be good.
Column 1 Column 2 Column 3 Column 4 Column 5 0 OLV issues under ESOP 2016-2018 1 2 Date of Issue Number issued Exercise Price % of ESOP post issue ESOP issued as % of TSOI 3 Apr-18 5,250,000 $ 0.095 86.5% 8.7% 4 Nov-17 1,200,000 $ 0.040 63.2% 6.3% 5 Sep-17 2,200,000 $ 0.036 57.8% 5.8% 6 May-17 1,525,000 $ 0.036 48.0% 4.8% 7 Jul-16 600,000 $ 0.085 41.2% 4.1%
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Interesting to see that OLV board is looking after key employees...
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