MFG 0.83% $8.50 magellan financial group limited

Ann: Bonus Issue of Options to Shareholders, page-6

  1. 354 Posts.
    lightbulb Created with Sketch. 50
    Means you have the option to purchase a share at $35. In short, it means they are worthless unless the share price starts trading over $35.

    If people were to start exercising their options (wouldn't happen unless the share price was above $35) then it would be.

    DR Cash at bank
    CR Share capital

    Increasing shares on issue.

    Pretz
 
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