PBH 5.38% 49.0¢ pointsbet holdings limited

Ann: Appendix 2A - PBHO Exercise, page-2

  1. 2 Posts.
    Hi all,

    This maybe stupid question but can someone please explain why someone exercise option now ? Isn't it cost $13.85 per share for this option which is higher than market at the moment. I thought you only do this after sp raise above $13.85 Am I missing something?
 
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49.5¢ 127370 5
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