Read the bloody notice
357,232 ordinary shares in the Company (Ordinary Shares). These Ordinary Shares were received by Ms Hrdlicka on the automatic exercise of time-based rights in the Company (such time-based rights having been granted to Ms Hrdlicka as a one-off transition benefit compensating her for the forfeiture of incentive entitlements from her former employer as a result of her resignation to take up employment with the Company).
245,787 performance rights representing an entitlement to acquire ordinary shares in the Company (Performance Rights).
242,022 time-based rights representing an entitlement to acquire ordinary shares in the Company (Time-Based Rights). These Time-Based Rights were also granted to Ms Hrdlicka as a one-off transition benefit as compensation for the forfeiture of her former employer's incentive entitlements as a result of her resignation to take up employment with the Company.
She still holds nearly 500,000 performance and time based rights to acquire ordinary shares. She didn't exercise those - so the reality is she sold about 35% of the signing on bonuses not even 50%.
And more
The above-mentioned Ordinary Shares were received by Ms Hrdlicka on the automatic exercise of time-based rights in the Company (such time-based rights having been granted to Ms Hrdlicka as a one-off transition benefit compensating her for the forfeiture of incentive entitlements from her former employer as a result of her resignation to take up employment with the Company).
The sale of the above-mentioned Ordinary Shares has been made by Ms Hrdlicka in order to: (i) fund the tax obligations relating to the recent automatic exercise of time-based rights; and (ii) fund commitments made by Ms Hrdlicka prior to her taking up employment with the Company.
GET OFF THE GRASS - THERE IS NO LACK OF CONFIDENCE HERE - IT WAS ALWAYS FLAGGED.
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- Ann: Change of Director's Interest Notice
Ann: Change of Director's Interest Notice, page-109
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