"the (recipient) of the option pays 30c ? to buy them?..."
If I may climb aboard here, YES. Regardless whom they are issued to has the option to purchase up until the option expires. IF purchased they are fully functioning shares with voting rights - unless specifically stated otherwise.
"And what, does the owner then have to do...he HAS to sell them ON the Excercise date in 2023? "
Noooooo, they are their property to deal with as they wish, subject to take overs/consolidations etc with no strings.
The only reason to purchase early is to achieve the twelve months CGT discount.
Just my take. Others please feel free to correct or fill in the blanks.
PS just thought of another benefit in this option purchase, there may not be any broker fee, as there is NOT one for company CR (credit raising).
"the (recipient) of the option pays 30c ? to buy them?..."If I...
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Last
90.5¢ |
Change
-0.020(2.16%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 93.5¢ | 89.0¢ | $26.09M | 28.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 472933 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 446423 | 6 |
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