Posted: 11/05/2006
Forbidden gives share options to staff. The exercise price is the market price at the time of grant, and the options vest after a further three years of employment. Directors' options are announced, but the bulk of options are in fact awarded to other employees. Since its flotation, Forbidden has issued over 1,000,000 new shares as a result of share option exercises.
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Jon Hanford - Group CTO, Deltatre