Options excercise

I wonder if the current downward pressure on the share price is coming from the over 10 million options that have been exercised since the start of August, roughly half at 6cps and half at 9cps. I assume these are the performance options granted to management detailed in the 2016 Annual Report. It is hardly a vote of confidence that they expect the share price to rise sharply any time soon. They may need to finance the take up of the options, but even so!!