can someone please explain how these options were paid for/exercised?
they are described as a "cashless exercise" yet they have a price of 40c per option?
Exercised - Unquoted Options – 500,000unquoted Director options exercisable at40.00c on or before 19 September 2022 (ViaCashless Exercise)
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation
Total Cost to Exercise - ORD $200,000 (Paidvia cashless exercise of 449,,438 U/QOptions at 5 day VWAP of $0.89)
Ann: Change of Director's Interest Notice - CG AG LS, page-2
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