MAY 10.3% 3.2¢ melbana energy limited

Ann: Notification regarding unquoted securities - MAY, page-30

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    https://hotcopper.com.au/data/attachments/5936/5936566-f3250e9412bec3360ec9803db9c2d152.jpg
    All the senior staff have been granted performance options as part of package - it would seem that target price set previously reasonable hurdles given Value at grant date - there is no reason to think this wouldn't be the same approach with the latest issue - AP isn't going to want to be too generous in diluting his shareholding.

    May 2024 is the big milestone for the senior staff and AP and I would anticipate that all expect the share price will be well above the Target Price, so they can exercise the options and have enough to meet tax obligations


 
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3.2¢
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7 534562 3.1¢
 

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Price($) Vol. No.
3.3¢ 1235000 3
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