Perhaps the reason Iggy has not exercised his many options is that they are performance based. That is certain hurdles have to be achieved before they can be exercised.
refer announcements 12Nov2008 and 11Aug2009.
I do not think the hurdles as set out in those announcements have been met just yet. But they will soon enough.
The other directors Readhead and Wanless have quite a few shares between them.
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Perhaps the reason Iggy has not exercised his many options is...
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