The tax office would calculate the immediate benefit at the time...

The tax office would calculate the immediate benefit at the time it is exercised at 20c, had they sold at 27c they would be liable for 7c CGT, but they didn’t.
That’s my understanding of the various case studies on the ATO website.
The 4 directors tax situations would be different so they wouldn’t all have to dispose of the same % to address the sole reason provided in the announcement.
i was pressed for time when I toped up yesterday and made the decision solely on price. Once you do the maths there’s definitely a small question mark there.

I will give management and the directors the benefit of the doubt on this one given the track record; but to me it looks like the announcement is incomplete, and I find it bizarre that there was no background on the investors.
My view is that we should get used to the current prices until the news flow in the new year.
I have been on this for like ever so this is not some sort of downramping just an attempt at an objective assessment.