It was a performance based shares.
By achieving a specific performance, he was granted these shares for Nil consideration.
From the ATO perspective, he has received additional income of 1M shares @ circa $7.30 - meaning he has to pay tax on an additional $7.3M in income.
He sold 500,000 shares to cover his tax bill.
That is how I understand it.
It was a performance based shares. By achieving a specific...
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Last
$1.16 |
Change
0.015(1.31%) |
Mkt cap ! $454.1M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.18 | $1.13 | $1.351M | 1.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 14842 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.16 | 25568 | 18 |
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| CHN (ASX) Chart |