It did seem a strange strategy LFC to pull the CR when in a month they would have initiated the Options at 12c ? so even though they have completed a CR they have shot themselves in the foot for oppies....
Had they waited they could have kept the SP climbing , shareholders would have had a solid green margin to cash up some shares at the higher price and buy their oppies... then when the SP is up complete a CR ,, shareholders would have been happy as they had been able to buy down at 12c .... strange strategy ??
Ann: Appendix 3B & s708 Notice, page-3
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