Given Bill is still a director of SBL I hope that we’ll see an Appendix 3Y statement from him very soon that outlines the change in his holdings after yesterday’s conversion of his options into shares.
Given the shares entered the registry yesterday will he hold 10m shares or has he sold on market or has he accepted the LG offer? Or will we have to wait a number of days to find out?
Maybe we should all give Scott Funston a call to see when it will be lodged/disclosed.
Section 8.6 of the Target Statement (p29) outlines the effect of the offer on SBL options.
LG also raised another S$12.4m last night on the SGX via two private investors.
It's interesting that there haven't been any change in substantial holding notices from LG since Friday.
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