Have you even bothered to read the document, or do you just assume your prejudice to be correct?
Seems to me a director has simply converted options to shares. Can't imagine why a director would do that.
The +securities the subject of this notification are: Unquoted options that have been exercised or other unquoted +convertible securities that have been converted.
The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are: securities that have already been quoted on ASX ("existing class")
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: A transfer of existing +securities
The underlying securities being received by the holder are: Already quoted by ASX
Please state the number of options that were exercised or other +convertible securities that were converted: 69,125
Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes
BRN Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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