Total sale proceeds from 180,000 shares = $1,238,067
Total option exercise cost for 220,000 shares@$0.95 = $209,000
Capital gain = $1,029,067
@ 75% for tax = $771,800 (in the pocket $ post-tax)
Net increase in all tradeable shares held (direct & indirect) = 40,000 shares
A nice and perfectly reasonable payday for a CEO who has turned ACX from a company with an enterprise value of $296M at listing to a company with a $1,252M market cap now (pretty much +$1B in just under 2 years).
Good chance that trading will be fairly directionless in the absence of news which will be 4C at the end of Oct then AGM in Nov (and of course the potential for more Enterprise deals in the meantime). That being said there was a fair few roadshows / investor briefings post full year announcement last year so that could also move the share price up a bit.
In 12months time this will all be white noise!
DYOR
Mo
ACX Price at posting:
$6.57 Sentiment: Buy Disclosure: Held
