Yes ... haven't seen any directors change of interest notices other than their increasing their holdings by taking up their entitlements in the last CR and selling some fullies to convert all their options into fullies. The notice copied below from Dec 31 sums up the sentiment of the Directors. As you can see, the fullies the directors sold to convert their options weren't sold on market ... they were taken up by Meitav Dash in an off-market transfer.
The respect the BOD has for shareholders in the company has been demonstrated time and time again. So many other companies I have invested in treat shareholders as necessary nuisances. Not WBT ... the company keeps shareholders fully informed, not just via ASX announcements, but also via interviews, press releases, a superb website and direct responses to questions shareholders may have. As a WBT shareholder I feel valued and much appreciate the way the company takes me along on the journey to commercial success. Small wonder WBT's BOD has been dubbed the dream team.ASX RELEASE (ASX: WBT)
Weebit Nano Directors exercise all their listed options
Israeli institutional pension fund Meitav Dash increases its investment
Three Directors to further invest at $2.84 per share (subject to shareholder approval)31 December 2021
Weebit Nano Limited (ASX:WBT; Weebit or the Company), a leading developer of next-generation memory technologies for the global semiconductor industry, is pleased to announce that the Company’s Directors have exercised all their listed options to further increase their Weebit shareholdings.
The exercise of the Directors’ listed options was required ahead of the Company entering blackout on 1 January 2022 (prior to release of its H1 FY22 result in late February 2022) as these options expire on 30 January 2022. Please refer to Appendix 3Y Change of Director Interest Notices lodged separately today.
The exercise of these listed options, and increase in total overall shares held by the Directors, is a clear reflection of their support for the long term growth potential of Weebit, in line with their participation in practically all previous capital raisings. In order to fund the exercise of the options and tax liabilities, a portion of the Weebit shares already owned by the Directors were sold1, and they have no current intention to sell any more Weebit shares.
In a further show of strong support, Israeli institutional pension fund Meitav Dash, that participated in the Company’s most recent placement, acquired the shares sold by Directors via an off-market transfer, further increasing its commitment to, and investment in, Weebit.
In addition, subject to shareholder approval at an Extraordinary General Meeting to be held shortly, three of the Company’s Directors – David Perlmutter (Chairman), Atiq Raza (Non-executive Director), and Coby Hanoch (CEO & Managing Director) will invest in total a further $301,000 at $2.84 per share as part of the most recent placement, further increasing their interests in Weebit.
- ENDS -
This announcement has been authorised for release by the Board of Weebit Nano Limited.
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