Ann: Change of Director's Interest Notice, page-41

3 arms to this action
Arm 1) BOD moves to 24% of wa1 and increases control
Arm 2) Potential SMSF tax saving .
Arm 3) You and I just got diluted by 4.2% ( 2.85 m Wa1 / 67.75 m WA!)

ARM 1 increased control
SHARES ON ISSUE 64.9M @ 27/10/2023
67.75 m

BOD goes from 17% yesterday to 20.4% .

So no Scheme of arrangement at 75% could pass without Board approval .

That 3 of the founding directors did this in my mind for solidarity and control . Paul et all have been diluted since 11/22 with the 4 capital raises

ARM 2 potential SMSF tax savings if a Capoital gains event occurs after 29/11/2025
Current Rules are
SMSF capital gains rules state that if you make a net capital gain, it will be included in your SMSF's assessable income. SMSFs have flat tax rate of 15%. Complying SMSFs are entitled to a CGT discount of 1/3 if the relevant asset had been owned for at least a year. The CGT discount and any other concessions.

all 3 directors have SMSF structures

Rhys Bradley - 650,000 fp wa1 shares at $ 195 k Captial gain @ wa1 $26 is 16.7 m.If sold after 29/10/2025 capital gain becomes $11.2 m or $5.5 m saved
Paul Savich - 1,500,000 fp wa1 shares at $ 450 k Captial gain @ wa1 $26 is 38.5 m If sold after 29/10/2025 capital gain becomes $25.7 m or $12.9 m save Gary Lethridge - 700,000 fully paid ordinary shares at $210 k Captial gain @ wa1 $26 is 18.0 m If sold after 29/10/2025 capital gain becomes $12 m or $6 m saved

Tony rovira (AZS) only converted
2 Nov 2023 ROVIRA, Anthony (Tony) Exercise Options $2,400,000 4,000,000 $0.600 and sold to SQM HP JV for $ 3.70 per share..CG is 12.4 million on 9/5/2024...no 4.1 m discount that could be applied if SQM and HP delayed TO until 2/11/2024...
TR AZS was only above 60c after the 13/6/2023. Thats the day @Wurlitch sold out saying AZS grade 1.2% Lio2 was not high enough . Tony R was not in the fortunate position that WA1 BOD are in .. i.e in the money unlisted options for 24 months.

This SMSF capital gain discount is material in most non billionaries accounts

Arm 3) You, Datt , Tali and I just got diluted 4.2%

Tali have reported they are diluted by 4.2% going from 13% to 12%. Datt could drop below his 5% we shall see.
Im marshalling more $'s to get my percentage to the modest level