Aeorema Communications Grants Options to Executives
Why we think this is neutral
The grant of options to the CEO and Managing Director is a routine regulatory announcement that does not indicate any material changes to the company's operations or prospects. While the significant dilution to existing shareholders is a potential concern, the overall impact is not significant enough to warrant a more negative sentiment score.
Key Points
- Grant of options to CEO and Managing Director
- Options exercisable at 12.5p per share, vesting after 2 years
- CEO and Managing Director hold 645,000 and 650,000 options respectively
- Total options outstanding represent 18.62% of issued share capital
Summary
Aeorema Communications plc, a leading strategic communications group, has announced the grant of options over new ordinary shares to its CEO, Steve Quah, and Managing Director, Andrew Harvey. The options are exercisable at 12.5p per share, vest after 2 years, and expire on the business day immediately preceding the 10th anniversary of the grant date. Following this grant, the CEO and Managing Director hold options over 645,000 and 650,000 new ordinary shares, respectively. The grant of options is in recognition of the historic performance and revenue growth achieved by the Group in recent years, and the remaining directors believe it is an appropriate method of incentivising key management personnel. In total, options over 1,805,000 ordinary shares are now outstanding, representing 18.62% of the company's current issued share capital.