It actually only dilutes holdings if the share price is above $25 for them to be exercised. I think it's a great thing, keeps key employee motivations and shareholder motivations aligned, and effectively raises a small amount of capital at the issue price.
Ann: Appendix 3B, page-15
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)