A few final reminders from the Prospectus as you consider your ballot.
- Each of the Executive Directors is being awarded options over a significant number of shares within 6 weeks of the float (eg Jim F £500k; Knuckey , Rutter, Strong £250k) (page 223 of prospectus)
- The remuneration of the Directors in the Q and A email dated 27th Jan excludes the significant paper gains that each will of them will have made on the floatation on the shares they bought with the interest free loans. Trust me ..these gains will be big !
- Just in case you've forgotten, page 229 of the prospectus gives each Directors pay by person for 2009/10. If you assume that these figures included significant bonuses (as advised by the Q and A) then the new employment contracts signed by each of the Directors on 9th December (page 229) must surely include a significant increase in their basic pay levels
Not so fair after all is it?