3 million ACWAP 3.75c September 2026 options converted very early. i.e. $112,500 paid to ACW.
Who can this be? Here are some clues.
First clue This person also had ACWAO options. I'm guessing those are staff options?
Second clue To get 3 million 3.75c options in the Sep 2023 rights issue, you would have needed to subscribe for 6 million shares at 2.5c. One option was awarded for each two shares bought.
Third clue This person seems to think that the SP won't go below 3.75c before Sep 2026
Fourth clue This person seems to prefer ACW to have the cash now rather than themselves. That suggests that it's someone closely associated with ACW.
