ESOP - getting set prior to the re-rate, page-3

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kitehigh

2,558 Posts.

122

16/04/18

14:50

Post #: 32483842

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

Yep, bring on the 4C, it should be another good one so no reason to hold it back until the end of the month, unless of course they are currently under the pump serving clients then the 4C will have to wait.

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

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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-3

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