We'll he can likely relinquish the shares at the loan price, but the extent of my knowledge on this is reached.
A tax consultant likely would be able to explain a few reasons why they would do this.
If he's confident in a SP increase, there is no reason to execute on it now. It might be that he uses the shares as collateral on a margin loan to buy more shares? Again im just guessing at this point.
Ann: Change of Director's Interest Notice, page-17
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$1.32 |
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| Open | High | Low | Value | Volume |
| $1.31 | $1.33 | $1.28 | $14.65M | 11.22M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7782 | $1.32 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 123367 | 7 |
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