CEO Options.......

Hi All,
First time poster on hotcopper............

I have been a long term shareholder since the IPO and over many years built a sizeable (at least for my portfolio) of TIS shares. Over this time I have reduced my overall buy in price and have a good profit. I am hoping my long term patience is rewarded shortly.

Upon review of the recent AGM notice I am a little incensed that our Board is is asking shareholder approval for the allocation of options to our CEO with relatively low hurdles.

160k options on the 'favourable review opinion being obtained from the EMA', another 160k options for ' the CE approval to allow the start of sales'. A total of 320k for something that we were assured would be approved two years ago..........I understand a considerable amount of work would or should have been conducted in the lead up to the review questions being submitted, however after the stuff up, previous allocation of options and a regular salary being drawn I see no value in endorsing this additional allocation. Our CEO has a solid shareholding (whether he has put his hand in his pocket or been allocated the shares over the years I am not certain) and with luck will be handsomely rewarded shortly.

In addition to the options above, another 160k will be issued on the achievement of what I would consider low sales volumes. A mere 500k sales in the UK + 700k in Germany......is this a real hurdle? I understand the challenges in starting up sales, however given the projections given to shareholders this seems like a pittance.

I am all for rewarding successful leaders in their respective fields and aligning with shareholder interests however for too many years I have been ticking the 'yes' box. This year it will be a No. This won't mean squat, just my little protest....

The board needs to set some real hurdles and reward shareholders for giving their hard earned to underwrite the last 10 or so years.

Interested I others thoughts............