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Davisite

18,897 Posts.

5593

13/03/24

18:56

Post #: 72870028
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Originally posted by FDV ↑

Hello @Davisite

Some thought/ possible strategy for bonus options not exercised - Option 03 is my preference:

Option 01
Allocate to sophisticated investors that did not sell a single share over the last 12 to 18 months and obtain a commitment that no shares will be sold over the next 12 to 18 months.

Option 02
To receive an allocation of the bonus options the following criteria must be met:

1. Net number of shares should have increased/ not reduced between the period 01 Jan 2023 and before the announcement date of capital raise.
2. For every bonus option allocated the sophisticated investor must of bought the same number of shares on market during the period Jan 24 to Jun 24.
3. Receive a commitment that the sophisticated shareholder will not sell a single share over the next 12 to 18 months.

Option 03
Dr. Tillett to take up the bonus options with the understanding that he can sell some of the shares in a responsible manner to fund the purchase (rational: Dr. Tillett had the well-being of RAC at heart).

Best regards

FDV

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I have to say I like Option 3, but I am not sure it would be in keeping with the Race way.

RAC Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.44		Change -0.015(1.03%)		Mkt cap ! $247.1M

Open	High	Low	Value	Volume
$1.47	$1.51	$1.43	$121.5K	82.41K

Buyers (Bids)

No.	Vol.	Price($)
1	6000	$1.43

Sellers (Offers)

Price($)	Vol.	No.
$1.45	1677	3

View Market Depth

No.	Vol.	Price($)
1	6000	1.430
2	12542	1.420
2	6700	1.410
1	854	1.405
6	25737	1.400

Price($)	Vol.	No.
1.450	1677	3
1.460	10000	1
1.470	8692	1
1.490	1000	1
1.500	1300	1

Last trade - 15.58pm 27/05/2024 (20 minute delay)


Last $1.44			Change -0.015 ( 1.71 %)
Open	High		Low	Volume
$1.49	$1.50		$1.43	16871
Last updated 15.58pm 27/05/2024 ?

RAC (ASX) Chart