Why, because the lead manager was issued 2m oppies at 40c strike. They have no obligation to hold.
The facilitator, Katana Minerals Pty Ltd was gifted 1.5m shares for no cash consideration. Who is behind this entity? Any obligation to hold?
Performance rights, class d-f (2.4m in total) have all hit their vesting requirements & entitle board & management to nice slice with no cash consideration.
Perhaps a sharper corporate law professional could answer this one for me, if a director departs, and has secured performance rights prior to leaving co. Do they have an obligation to declare sale of said shares post employment?
Ann: Application for quotation of securities - VMM, page-34
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Mkt cap ! $57.18M | |||
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