Board and Senior Management Shareholders
Escrowed Securities held by members of the Calix Board and Senior Management (being approximately 6.9 million Shares) may only be sold after 11.59pm (Sydney time) on the date that is 10 business days following the release of Calix’s nancial accounts for the nancial year ended 30 June 2019.
In aggregate, approximately 71.9 million Shares will be the subject of these voluntary escrow arrangements.
So considering there are 122.71m with a market cap of 115.35m does this mean the additional 71.9m escrow shares will dilute the market cap or increase it?
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