From Section 9 (Page 14) of Notice of our AGM 2017You can find...

From Section 9 (Page 14) of Notice of our AGM 2017

You can find it here:
https://ircms.irstreet.com/contents/data_file.php?template=1539&brand=291&data=214855&filename=pdf_file.pdf

"Given the speculative nature of the Company’s activities and the small management teamresponsible for its operations, it is considered the performance of Dr Wotton and theperformance and value of the Company are closely related. As such, the Director Optionsgranted will generally only be of benefit if Dr Paul Wotton performs to a stellar level where thevalue of the Company increases sufficiently to warrant exercising the Director Options."

and

"The Board considers that the experience of Dr Paul Wotton will greatly assist the developmentof the Company. As such, the Board believes that the number of Director Options to be grantedto Dr Paul Wotton is commensurate with his value to the Company and is consistent withremuneration and incentivisation standards in the industry and sector."

Sounds about right: his value to the Company is about the same as his exercisable options = NIL