According to investopedia, a "cashless exercise facility" means that a broker gives employees a loan to exercise their options and then dumps them on the market and then pays them whatever money the options were sold for.
Pretty good deal for management. They don't have to put any money in and they just get a cash payout.
This would definitely put on some selling pressure as millions of shares are sold on-market.
Ann: Cleansing Notice - Exercise of Unlisted Options, page-4
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Last
24.0¢ |
Change
-0.025(9.43%) |
Mkt cap ! $62.43M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 24.0¢ | $82.47K | 328.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 44103 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 14018 | 3 |
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| Last trade - 15.19pm 02/09/2024 (20 minute delay) ? |
| AXE (ASX) Chart |