You're welcome.
Tax planning is definitely why Dr T did it, because:
(a) that's what he announced via the ASX
and
(b) apart from tax, holding a share and a deep in-the-money option on that share have almost identical benefit from future SP increases. In option jargon, a deep in-the-money option has delta of almost 1.0
Dr T could have also pointed out that the options were lapsing in 5 months, but that information was publicly known already..
Ann: Cleansing Notice, page-100
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Mkt cap ! $273.4M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.60 | $207.2K | 127.1K |
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| No. | Vol. | Price($) |
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| 6 | 25510 | $1.60 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 12000 | 1 |
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| RAC (ASX) Chart |