Could someone explain how this options issue works?
I understand for 8 shares you get 1 option to exercise for 1 more ordinary share. Does the exercise price of $35 mean you purchase or sell that share at $35?
Also when issuing these options would it dilute shareholders?
Need a simple explanation for a peanut brain.
Ann: Bonus Issue of Options to Shareholders, page-3
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$8.36 |
Change
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Mkt cap ! $1.511B | |||
| Open | High | Low | Value | Volume |
| $8.44 | $8.44 | $8.24 | $12.59M | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8816 | $8.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.36 | 1686 | 2 |
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