I've just read UPD's prospectus and noticed that the CDIs traded...

  1. 21 Posts.
    I've just read UPD's prospectus and noticed that the CDIs traded on the ASX are equivalent to 1/25th of a UPD share.
    The only people who appear to have a direct interest in shares are employees who have options to purchase shares.
    The employee option exercise price appear very low e.g. options issued in 2016 had $3.50 exercise price, this is equal to a CDI price of $0.14.
    UPD have granted employees 4.1mill share options, equal to 24% of the 17.1mill total shares on issue, all the options look like that are at low exercise prices.
    Not sure if I want to hang onto UPD CDIs that will get massively diluted in the future.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.