Capital VC (2324) grants directors share options at 87% discount to net asset value
Company announcement, 13-Feb-2020
220m options equivalent to 8% of the existing shares at $0.025 per share. This is a Chapter 21 investment company in the "Enigma Network". The NAV at 31-Jan was $0.189/share. 27.5m options (1%) go to each of the 2 executive directors, approved by the 3 "independent" directors. We call on the SFC to stop this.