I confirmed this with my broker this morning. The strategic group paid 35 cents per share for the circa 11.7 million shares. A total of $4.1 million as it states in the announcement.
The Directors have not received anything. In essence they have foregone the profit to enable this group to take a strategic position in the company.
Ann: Loyalty Option Issue Raises $23.6M, page-11
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)