Thats not how that works.
they're not being gifted shares, they are being given options which they can decide to exercise. If the do, they still have to buy the shares - they have to pay 20c a share for them, so $600k.
its only beneficial to them when the share price is higher than the option price. they will have to pay tax on any capital gains when they sell the shares.
i just don't see the tax avoidance here.
ps the "cash consideration" is whether they paid to get the options.
Ann: Proposed issue of securities - 4DS, page-61
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Last
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Mkt cap ! $158.7M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.2¢ | 8.9¢ | $118.6K | 1.322M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57437 | 8.8¢ |
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| Price($) | Vol. | No. |
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| 9.0¢ | 212243 | 4 |
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| Last trade - 13.24pm 30/05/2024 (20 minute delay) ? |
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| Last updated 13.51pm 30/05/2024 ? | |||||
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