Ok I've read and re read the terms of the agreement and think I understand what is going on here.
IMO - RT is expecting a big re rate in the price of neu.
At present (if buy back was enacted today)- he hasn't had to fork out any of his capital - and under the scheme he walks away with almost 1.47m shares - pretty good deal.
For example if the share price reaches $10 - he would walk away with just under 1.85m shares - a cool $18.5m - the higher the share price .
This to all play out before resolution being passed at AGM.
giddy up.
Ok I've read and re read the terms of the agreement and think I...
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Last
$13.61 |
Change
0.280(2.10%) |
Mkt cap ! $1.739B | |||
| Open | High | Low | Value | Volume |
| $13.49 | $13.64 | $13.30 | $4.821M | 356.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3602 | $13.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.66 | 1655 | 2 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| NEU (ASX) Chart |