Takeover, page-97

As of 20 Aug 21, Luke Tonkin has

1,181,661 ordinary shares

696,052 FY20 Performance Rights

423,621 FY21 Performance Rights

If he is really a lifestyle company CEO, the easiest way for him to be benefited from the cash reserve is paying a dividend, or doing a share-buy-back to support the SP so that he can cash out his shares on market for more. Since he doesn’t do either, I can only assume that he has a better/ more ambitious plan. I also take comfort from the fact that top 20 holders hold more than 76% of SLR. Hope SLR will seize a good M&A deal while the sector is depressed. We will see.