BNRICH,Take a guess who is driving the share price up? Bond...

BNRICH,
Take a guess who is driving the share price up? Bond Street Custodian Ltd??

I am surprised no one commented on the 19 December 08 BTA annoucement. Peter Cook and his board chose the perfect time when the market was distracted by the holiday season.
QUOTE:
"456,300 LTIOs approved by the Board on 16 December 2008 WITH SHARES TO BE ACQUIRED from 12 January 2009 and held in trust. Shares will only be offered if performance hurdles are met".
END OF QUOTE

After shareholders had voted down the reward to Peter Cook, the BTA board merrily rewarded Peter Cook in complete contempt for shareholders.

BTA (through Bond Street Custodians Ltd) had been buying its own shares to hold on trust for our beloved Peter Cook.
Why is it necessary to spend Shareholders fund to buy its own shares to hold in trust when shares under the LTIOs are supposed to be vested only upon achieving the performance hurdles.

Buying shares will probably drive the SP up and perhaps assisting the Cooks to avhieve the low performance hurdle. Why is there a need to buy the shares when BTA can issue shares to fill the LTIOs??