1. Another reason to exercise in-the-money options prior to expiry can be CGT. The CGT clock starts ticking at exercise. If one were to hold for 12 months the CGT relief (if applicable to the punter) would apply.
2. These are not being converted by Directors. Directors are now behind a chinese wall and prohibited from trading (or inducing anyone else to trade).
3. SDL can't raise capital now a takeover play has been made.
Cheers,
SDL Price at posting:
45.5¢ Sentiment: Hold Disclosure: Held
