Only 4 reasons I can think of he would do this:
1) options were about to expire soon
2) wants to kick off 12 month CGT time period for sale after 12 months
3) show confidence in company by exercising so close to SP (equivalent of buying on market, but not limited to black out period).
4) company needs to boost cash reserves
None of those reasons concern me, except for no. 4 which doesn't seem a likely scenario.
FLC Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
