Ann: Company Update, page-96

First 96 Last

Share
Profile

Follow
OzJ

1,818 Posts.

425

15/12/18

21:07

Post #: 36871595
Share

Originally posted by Senseightynine ↑

Originally posted by OzJ
My thought is that you are awarded performance shares for meeting a milestone when you meet that milestone.

Why do you say that the shares have not been approved by share holders? There are about 1.88b shares trading and 2.31b shares created. Obviously there are enough shares in the company's control to award these when the targets are met.

I don't understand the point you're trying to make.
no, you receive performance shares first which have the milestones attached, when milestones are met they convert to ordinary shares.

The announcement says the performance shares are subject to shareholder approval. This is done at a GM or AGM. This was not in the last AGM therefore not approved to be issued yet. All shares and performance vshares issued to directors have to be approved by shareholders by law.

Go through the history of the other performance shares in the company over last 3 years, all had shareholder approval, then the performance shares were issued, then milestones were met, then the performance shares converted to ordinary shares.

Theres a logical process to this that has not yet commenced for these new performance shares. Therefore unless performance milestones can be recognised retrospectively whereby milestones are satisfied prior to the approval and issue of ordinary shares, then I don't think funding will be coming prior to these performance shares being issued

Hope that makes sense

Expand

You assume I don’t know the answer to the questions I ask here before I ask them.

You’re, of course, entirely wrong. I’m too disinterested to play with you any more so I’ll leave these details here for you to read. You can return and post an accurate statement if you wish.

https://www.investi.com.au/api/announcements/sas/b1d20549-85b.pdf

SAS Price at posting: 5.8¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

There are more pages in this discussion • 144 more messages in this thread...

First 96 Last

Add SAS (ASX) to my watchlist

Ann: Company Update, page-96

Top Stories

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News