The collapse in equity markets has prompted Internet security firm Baltimore Technologies to propose a new share options scheme for employees.
Chief executive Bijan Khezri says traditional option schemes, which are based on the current share price in the market, have become a lottery ticket for employees. The company now wants to introduce a 'nil cost' scheme.
It is also proposing to reverse a 10 for one share split implemented in May 2000 when the shares were trading at over £100 sterling. Baltimore shares are currently worth just over 5p in London.
An EGM to seek approval for the changes will be held on December 16.
