Business
Kogan.com issues mea culpa after suffering first strike – The Australian Financial Review
Shareholders have delivered the board a strong message about the issue of options worth more than $100 million to co-founders Ruslan Kogan and David Shafer.
He ruled out tweaking any elements of the plan either the $5.29 strike price or the number of options issued in the meantime.
However, he acknowledged the board could have done a better job in engaging with shareholders, especially newer investors who came on to the register when Kogan.com raised $100 million at $11.45 a share in June and thereafter.
‘We can do better’
Kogan’s largest shareholders, many of whom had invested in the company at the time of the initial public offering four years ago…
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