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clock Created with Sketch. 27/04/15
17:35
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Originally posted by morley
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It looks like these options were part of a package that were issued to employees in April 2013 and vest over 4 years. If an employee leaves, their options vest immediately and they have 7 days to convert or they lapse. It appears some have lapsed in the past.
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Option conversion obviously weighing on the share price but overall dilution of the last few years has been minimal and management should be credited for getting the company to where it is with large amounts of dilution
