Corcel plc’s new chief executive officer James Parsons has chosen to receive part of his salary for the next six months in new ordinary shares in the company. A total of 12,447,965 new ordinary shares were today issued to Mr Parsons at £0.004 per share, being a 29% premium to the closing price on 13 […]
Tag: salary
Corcel chairman swaps four months’ salary for shares
Corcel plc’s chairman will for four months receive shares in lieu of a monthly salary to reduce the company’s cash burn and ensure alignment with its shareholders. The company agreed to James Parsons’ proposal that beginning in February he will receive his monthly salaries and certain obligations from 2021 in the form of 16,910,618 new […]