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China Demeter (8120) blows 10% share option scheme in one go
Company announcement, 7-Apr-2017
What the announcement doesn't say: each of 10 participants, including 4 "consultants", gets options equal to 1% of the existing issued shares, exercisable for 1 year. A similar 10% grant (then 59m shares) was made 10 months ago, on 10-Jun-2016. All of those options were exercised 26 days later, diluting existing shareholders.