"This is effectively a gift worth over $2.5M to a director"
David St Denis and Matthew McDonnell are not directors - they are Executive Management. The shares were issued under the employee incentive scheme which, as MactavishNat posted was approved at the last AGM. I do agree that it is a pretty good incentive even though it will cost Mr. St Denis $3.24m if he gets to convert them. He would still make a pretty good profit at the current share price. I wonder who got the other 100,000 oppies.
Ann: Notification regarding unquoted securities - AVR, page-4
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Last
$10.00 |
Change
-0.150(1.48%) |
Mkt cap ! $211.3M | |||
| Open | High | Low | Value | Volume |
| $10.26 | $10.35 | $9.80 | $295.8K | 29.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22 | $9.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 2758 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |