RAC

1.74%

$1.47 race oncology ltd

It's impossible to end up with more shares than the number...

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IndexInvestor

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20/01/23

15:50

Post #: 65799082
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Originally posted by ma420: ↑

Thanks both. I am a bit slow so thanks for your patience

I was confused after reading EW’s example because he mentions earning a million shares etc.,. If Damien is issued 755,671 options, irrespective of the SP at exercise or buyout price, the number of options converted to shares cannot exceed that number IMO because that is what we as SH approve as resolution. If the number of shares vary based on SP or buyout amount then as a SH. I don’t know how much compensation or dilution I am approving. That’s my point. If the number of options/ shares don’t change then I am fine not understanding the nitty gritty as they convert it by paying the company (and cause a minor dilution) or convert it cashless by buying on market as DT did is immaterial to me.

I want the board to be properly incentivised to benefit the SH but not the system gamed.

https://hotcopper.com.au/threads/ann-letter-to-shareholders-notice-of-meeting-proxy-form.7186645/page-19?post_id=65788322

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It's impossible to end up with more shares than the number of options you started with.

The cashless conversion method is provided only because the options aren't otherwise tradeable. (Unless Mason wants to buy them.)

Hold, Held

Last edited by IndexInvestor: 20/01/23
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(20min delay)
Last $1.47		Change 0.025(1.74%)		Mkt cap ! $249.7M

Open	High	Low	Value	Volume
$1.44	$1.48	$1.44	$25.63K	17.46K

Buyers (Bids)

No.	Vol.	Price($)
1	312	$1.47

Sellers (Offers)

Price($)	Vol.	No.
$1.48	354	1

View Market Depth

No.	Vol.	Price($)
1	312	1.465
1	2000	1.460
1	548	1.440
1	2046	1.420
3	14000	1.410

Price($)	Vol.	No.
1.480	11014	1
1.495	2500	1
1.500	4999	1
1.520	485	1
1.530	10000	1

Last trade - 16.10pm 01/11/2024 (20 minute delay)

RAC (ASX) Chart

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