having now spent some time pondering this plan phenomenon I have a jaded yearning to resume my KISS methodology.
However (from AR02 DR p18) I note there are 2 plans.
Shore's restricted ordinary holdings were:
ZERO Loan Share Plan 578,000 Investment Share Plan. (Was is das!)
It turns out (AR p42) the ISP involves salary sacrifice accompanied by selling restrictions essentially at the whim of the Board.
So what plan are Shore's new 230,000 ordinaries on? I can't tell.
Now, from what UEC has told us:
Shore has NOT now exercised any of his 240,000 options.
So presumably a collection of others decided to sell 230,000 ordinaries (from just exercised options) on market, and Shore bought that many. Either through salary sacrifice or the loan scam.
Now I've learned that there's a hefty surge for 2,161,954 on Friday. Is this the bulk of the remaining 2,000,000 in a similar manouvre, perhaps to some thrillseeking institution? Or predator?
