I'm trying to reconcile the 1,920,000 staff share buy back scheme arrangement. This time around the staff can sell their shares to the company from .77 cents and up to $1.59 I think so it seems if they can buy at lower than selling price to the company at current lower market prices they will be making a handsome profit for their outlay for 3-4 months buying sprees except that they need to use their own cash to buy more shares but they won't be getting cash on the buy back but rather the cancellation of their staff loans to buy the shares at higher prices up to $1.59 , so theoretically they could afford to pay more than current share prices. But let's be clear the current share price is very low imo and worth buying anyway but DYOR
1,250,000 quoted shares at $0.77 per share
100,000 unquoted shares at $1.34 per share
20,000 unquoted shares at $1.38 per share
75,000 quoted shares at $1.40 per share
150,000 unquoted shares at $1.55 per share
325,000 unquoted shares at $1.59 per share,
being the prices at which the ESP shares were issued, and
satisfied by the extinguishment of corresponding loans from
the Company provided to fund the original purchase of the
ESP shares.
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- Ann: 2017 Full Year Results Presentation
Ann: 2017 Full Year Results Presentation, page-44
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Price($) | Vol. | No. |
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