The article makes it sound like they are dumping everything they had. For accuracy here is a list of those directors' remaining interests:
David Hearn: now has 1,055,000 Ordinary Shares (sold 19% of his shares)
Geoff Babidge: now has 300,000 Ordinary Shares (sold 25% of his shares)
Susan Massasso: now has 474,356 Ordinary Shares (sold 53% of her shares - but bought back a small amount as well)
Peter Nathan now has:
(1) 20,800 Ordinary Shares
(2) 507,553 Performance Rights as follows: (a) 320,000 Performance Rights due to vest in September 2020 provided certain performance conditions are met. (b) 110,532 Performance Rights due to vest in August 2021 provided certain performance conditions are met. (c) 77,021 Performance Rights due to vest in August 2022 provided certain performance conditions are met.
(3) 800,000 Options
PN sold equivalent to 37% of his shares, options or future performance rights.
Sharif Khan: 400,000 Ordinary Shares (sold 33% of his shares/options).
Interesting that some of those who have been there the longest have sold the least - including GB who should be on a beach in the Bahamas enjoying his retirement right now.
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