On 7 March 2016, 3,243,149 approved options were granted to qualifying staff under the Company's new EMI Share Option Plan. The exercise price for those options granted is 28.125 pence, which is equal to the Company's mid-market closing price as at the 4 March 2016, being the latest practicable date prior to the grant of these options. The share options will vest in the event that the Company's share price averages at least 40 pence over any period of 20 consecutive working days within a 36 month period beginning on 7 March 2016. Once vested, the share options can be exercised at any time up to and including 6 March 2019. If the Fulcrum Utility Services Limited share price does not average at least 40 pence over any period of 20 consecutive working days within the 36 month period, the share options will lapse.

I thought at the time it was hardly a stretch target, but it barely a month since the award of options and we are nearly there.

I'm really not sure about this company, I half expect it to sit at 40p for the required number of days and then drop back. Any other thoughts?

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