ESOP - getting set prior to the re-rate, page-2

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applesanddiamonds

610 Posts.

141

16/04/18

14:43

Post #: 32483635

Originally posted by Distressed Player ↑

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

1 OLV issues under ESOP 2016-2018

2

3 Date of Issue Number issued Exercise Price % of ESOP post issue ESOP issued as % of TSOI

4 Apr-18 5,250,000 $ 0.095 86.5% 8.7%

5 Nov-17 1,200,000 $ 0.040 63.2% 6.3%

6 Sep-17 2,200,000 $ 0.036 57.8% 5.8%

7 May-17 1,525,000 $ 0.036 48.0% 4.8%

8 Jul-16 600,000 $ 0.085 41.2% 4.1%

Expand

I agree with your sentiments but I do believe that the price of 9.5c is a little on the generous side.....given where the price has come from..!!
That being said, having it too steep may also not incentivise.
Overall, things seem to be lining up nicely...

OLV Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held

Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5
1	OLV issues under ESOP 2016-2018
2
3	Date of Issue	Number issued	Exercise Price	% of ESOP post issue	ESOP issued as % of TSOI
4	Apr-18	5,250,000	$ 0.095	86.5%	8.7%
5	Nov-17	1,200,000	$ 0.040	63.2%	6.3%
6	Sep-17	2,200,000	$ 0.036	57.8%	5.8%
7	May-17	1,525,000	$ 0.036	48.0%	4.8%
8	Jul-16	600,000	$ 0.085	41.2%	4.1%

ESOP - getting set prior to the re-rate, page-2

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