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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Last
$10.47 |
Change
0.040(0.38%) |
Mkt cap ! $1.886B | |||
| Open | High | Low | Value | Volume |
| $10.46 | $10.58 | $10.42 | $3.403M | 323.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51 | $10.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.48 | 1760 | 19 |
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| Last trade - 14.23pm 14/10/2024 (20 minute delay) ? |
| MFG (ASX) Chart |