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Sosandar – Nil-Cost Options gravy train, this is just vanilla boardroom greed

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 22 June 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

AIM-listed online women’s fashionwear purveyor Sosandar (SOS) has announced a new Long Term Incentive Plan to incentivise its executive directors and senior management team. Over 21 million nil-cost options have been handed out, which seems pretty hefty in comparison to the 166 million shares currently in issue (according to ADVFN, although as Pierotlunaire points out recent TR-1s suggest the total is 221m bits of confetti).

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