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Investors FAQs - Atlantic's Shareholdings

Is it important that Eugene Blaine, our founder and Managing Director, has at least 50% of the Company's equity long-term?

Eugene's shareholding in the Company needs to be reduced as opportunities present themselves. This will be beneficial for all other shareholders as a result of the improved liquidity in the Company's free share float on the stock market that will occur with any such share sales. Also, Eugene's private investment portfolio should not be so weighted towards his Atlantic share holding, which is very much the current situation.

Will the Directors reduce their stakes to improve the free float in the shares?

Yes, if the timing is right and there is a need to satisfy market demand.

Why are there a substantial number of share-options?

This mostly relates to the sale of Atlantic EC Ltd, the trading company to Atlantic Global at the time of the flotation. It is a measure of the vendors' confidence in the potential of the company that almost all of the consideration was taken in the form of shares, share options and not cash. In addition, some options have been granted to key employees as incentives for them to perform.