Why did management structure it this way? Wouldn’t it been more beneficial for long term shareholders if they just announced an off-market buyback say @ 80c for up to 15% of shares?
Why announce a distribution to buyback shares @ 85c when they could just buy directly off shareholders without a distribution at a lower price?
Ann: Capital restructure and EGM, page-3
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $51.06M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $1.763K | 11.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 254434 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 188860 | 3 |
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| Last trade - 14.56pm 08/10/2024 (20 minute delay) ? |
| AVG (ASX) Chart |