Having checked the last BGS A/R, apologies for wasting people's time - please ignore my previous comments on the options still held by ex-Directors.
Of the remaining BGS options as at the end of 2017
There has been an exercise of 1.5m of the 30-Jun-2018 options (@33.6c) - previously held by 3 parties
[Borg Geoscience Pty Ltd - 1.5m; Gillam Super Investments P/L - 1.5m; and D Robinson - 1.5m]
- leaving 3m to be exercised in the next 5 months;
There has also been an exercise of 1m of the 1-Dec-2018 opts (@31.6c)
- held by Zenix Nominees Pty Ltd (a Hartleys Limited associated entity)
- leaving 3m to be exercised in the next 10 months;
Plus - I was obviously not thinking clearly as the 7.5m options @45c are of course the NEW BoD options!
So the old BoD have already exercised all the 5.215m options they walked away with (after cancellations/claw-backs).
Looking forward to the last of the stock overhang from the ex-Directors finally coming to an end.
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Having checked the last BGS A/R, apologies for wasting people's...
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