I don't think they'll pay twice price for the shares. From the wording it seems they will dispose of the shares from placement and the 'net' proceeds i.e. Profit will be donated to charity. And they will then purchase shares on market.
Ann: Director's Participation in the Placement, page-4
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Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $369.9M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.05 | $1.94 | $734.2K | 370.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 2493 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |