Yeah - he bought 361,500 shares for $2.0m at an average price of 5.5333 per share.
However - it was US redbubble shareholders who funded it - with the company using shareholder funds to advance him a $1.6 million NON RECOURSE loan. He wrote out a whopping $400k cheque (a fraction of his annual total compensation). What a deal.
After a tremendous first year of shareholder value destruction its fun to revisit his remuneration:
- Salary & Super: $800k pa inclusive of super
- Base equity: $400k per annum in the form of zero priced options
- Long term incentive: Annual $800k - grant of share appreciation rights (would safely assume he wont be getting LTI's this year - would be outrageous if the board waived the compounding return targets
- Loan arrangement: $1.6m non recourse loan (already described)
- So in theory a $2.0 million pa total potential remuneration
Ann: Business Update and FY2022 Outlook & Investor Call details, page-32
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40.0¢ |
Change
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Mkt cap ! $111.3M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.0¢ | 39.0¢ | $82.26K | 207.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60415 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 300326 | 6 |
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