SGR 2.00% 49.0¢ the star entertainment group limited

Does Bruce Mathieson get the 3 @ $1.20 for 5 held shares /

  1. 77 Posts.
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    Evening all,
    Does Mr Mathieson and Co get the 3 shares for 5 held of SGR @ $1.20 per share if he so chooses ? [As if he wouldn't]
    Or is it at the discretion of the SGR board as he has reached the 10% threshold for max ownership of SGR and to go higher would require board or formal regulatory approval?
    I confess ignorance on this and would appreciate an education from someone more learned?
    Thanks in advance.
 
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