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7.7¢ novatti group limited

I don't think he is right regarding NOV selling down the bank as...

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Hecticpharmer

854 Posts.

139

19/12/22

10:47

Post #: 65364099
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Originally posted by GLC_860630: ↑

Hi Steve10,

happy to be proved wrong and whilst I wish that were true i.e, "$3M cash today via 5 x Directors exercising 15M x 20c options."

I think you will find the nature of this morning announcement relates to notifying the market of a change in securities held pre and prior to this issuance of new securities.

However, the number acquired relate to options being provided to the Directors as part of their Remuneration - see box where it says "remuneration options issued under Employee Incentive Plan as approved by shareholders as AGM held on 23 November 2022.

these have not been exercised. its just notifying the market of their creation. if they are later exercised that would be a separate announcement again (change of directors interest announcement)

since they were given as remuneration, there is no cash injection to NOV until when/if they are exercised.

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I don't think he is right regarding NOV selling down the bank as well. My understanding is that they will raise funds to a certain amount until NOV's holding is at 19.9%. I was previously corrected as I thought NOV will be "selling" it but I don't think that's the case.

NOV Price at posting: 21.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.7¢		Change 0.011(16.7%)		Mkt cap ! $27.39M

Open	High	Low	Value	Volume
6.8¢	7.7¢	6.8¢	$15.62K	216.6K

Buyers (Bids)

No.	Vol.	Price($)
1	30000	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	12309	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.075
1	30000	0.071
1	40690	0.070
3	57400	0.068
2	28885	0.066

Price($)	Vol.	No.
0.077	12309	1
0.078	38461	1
0.079	133578	2
0.080	142512	4
0.082	150000	1

Last trade - 16.10pm 11/07/2024 (20 minute delay)

NOV (ASX) Chart