https://hotcopper.com.au/threads/ann-change-of-directors-interest...

https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice-m-hepburn.6509417/page-4?post_id=58513517

Thanks to Corribus for his post re director transactions
In summary Mark Hepburn sold 1.45m shares at@ 67c in order to exercise 2.0m options @40c leaving a cash surplus of $170,000
I'm assuming he will use that cash to subscribe for his entitlement in LEO but the complicating factor is the 1M shares held in the name of his Super Fund
Let's assume the cash surplus will be used for the subscription to the LEO priority entitlement
The cash surplus basically represents 7.4cents per share over his total holding (THIS IS NOT THE ISSUE PRICE)
We maybe able to use this as a guide to calculate the funds required for the subscription to the LEO priority entitlement
In simple terms
100,000 shares will cost you $7,400 for the subscription to the LEO priority entitlement
200,000 shares will cost you $14,800
500,000 shares will cost you $37,000
1,000,000 shares will cost you $74,000

I have not attempted to calculate the issue price or MC or SOI
This is only a calculation of what maybe the cost of the priority issue per share.

For my purposes. DYOR