Not sure how it works in the UK, but they are probably now in a pre-IPO quiet period where they are bound to not comment. Also these 'virtual shares' are usually not made available for immediate sale. They are normally dribbled out in annual tranches over a number of years, typically 5. Thus preventing an immediate exodus.The IPO could lead to a number of key staff moving on if they capitalise on their virtual shares, of course none of them are going to lay their cards on the table now and quite often its the last person you expect that jumps ship.
But yeah, the company's focus will definitely shift. Personally I consider this part of the normal Gervais principle cycle illustrated here.
Statistics: Posted by lurk101 — Wed May 15, 2024 11:03 pm
