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
$1.07 |
Change
-0.015(1.38%) |
Mkt cap ! $416.1M | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.09 | $1.04 | $1.589M | 1.497M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 29124 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 18891 | 21 |
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| Last trade - 13.58pm 24/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |