They participated in the SPP in Feb
Graeme - 15k - 300k shares
Nigel - 15k - 300k shares
Rhett - 10k - 250k shares
Rhett bought another 16k on market in Dec 2018 = 200k shares
Nigel bought 65k in Nov 2018 = 1m shares
So all up they've tipped in 120k between the 3 of them. for a total share amount of around 2.1m shares.
Lets compare total share's held to ones bought.
Graeme - 300k bought out of 6m held and 8m performance rights = 2%
Nigel - 1.3m bought out of 40.5m + 9m performance rights = 2.6%
Rhett - 450k bought out of 2m + 4.5m performance rights = 6.9%
So out of the 70m they hold - only 2m bought.
Pretty good gig being an ASX director.
Obviously they have their own lifestyles to support - and it's the way of the world if your a MD or director you get decently paid. That said the balance of how much is awarded in shares isn't a good balance to those bought.
I would have rather the 70m in performance rights being paid to the directors in cash. Or to vendors (see todays 3b). Atleast if it was their wages there would be no dilution and if they believe in the company you can buy 70m shares, on market. Sure that would increase AVZ's cash burn, but can you imagine if directors had bought 70m on market in the last 2years. S/P wouldnt be at 4.5c. So all their holdings would be worth more than they are today.
But what would I know
SF2TH
