You mis-understand the situation here.
1. New shares are being issued to raise cash.
2. Cash is being loaned to employees
3. Employees are using the borrowed money to buy shares on market.
Its clearly a cash loan in this case, employees are not being issued new shares created as part of the loan transaction.
Ann: Entitlement Offer Booklet, page-20
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Last
77.0¢ |
Change
0.010(1.32%) |
Mkt cap ! $48.08M | |||
| Open | High | Low | Value | Volume |
| 77.5¢ | 77.5¢ | 77.0¢ | $3.292K | 4.272K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5273 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 5250 | 2 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ANO (ASX) Chart |