I can's see that anyone would lose options once they have received them. Performance rights could be lost, but I don't think options can.
As for reasons it could be anything. Maybe they are desperate for cash for some reason so convert the unlisted options into shares then sell them on the market and pocket the difference.
Maybe they want to convert so if they do need money at a later date they can liquidate whenever they want without waiting.
Maybe there are tax reasons for them to do it now.
Maybe they have lots and they plan on paying them off bit by bit until 2029.
Who knows and at the end of the day it doesn't really matter why they do it. It just means more money in the bank for WBT and some more shares to trade on the market. That's my thoughts anyway.
I can's see that anyone would lose options once they have...
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Last
$1.90 |
Change
0.055(2.98%) |
Mkt cap ! $358.9M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.96 | $1.82 | $1.648M | 868.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18554 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 10988 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |