I think generally when this many performance rights/options are issued, as shareholders we certainly need to seriously consider the impacts. What gives me some confidence though is this from pg. 2 of the announcement;
"The execution of any opportunities introduced by Mr Tripp will be at the absolute discretion of the BetMakers’ Board, with a focus on accretion to shareholders. For the avoidance of doubt, this will be considered on a per share basis, including for any dilution from the issuance of performance rights."
If they are true to their word, everyone has the potential to gain from this agreement. Will be interesting to see how this plays out, for what it is worth, the Board has done nothing to make SH doubt them to date. They now have cash of $110m and no debt, exciting times ahead I think.
BET Price at posting:
93.0¢ Sentiment: Hold Disclosure: Held
