SEN 6.67% 1.6¢ senetas corporation limited

share buy back -appendix 3b=0000, page-2

  1. 580 Posts.
    don't know about the buyback.

    But the 3B's nowdays mostly cover those converting their 1 cent SENOA options (which expire this month) into SEN, fully paid ordinary shares.

    It costs SENOA holders 8 cents per option to do this.
    If a SENOA option holder lets the option lapse it's worthless.

    If paid up and converted SEN shares are worth more than not paying the option. SEN is paying a dividend. Ths dividend is not paid to SENOA holders.
 
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