cruz2009if the options had been issued recently there would have...

cruz2009

if the options had been issued recently there would have to be an Appendix 3B, which there was not. also, with the recent changes to the tax laws it would not make sense to issue options to an employee that were so far in the money.

i note that Simon Wells has been signing off announcements as 'General Manager' for sometime, he must have been employed by MHM some time ago. the only change is his appointment to director, which evidently triggers the requirement for disclosure.

i've noticed that in every case, MHM has issued unlisted options with a 5 year expiry date. i've worked back 5 years from the stated expiry of Simon's options, and there is an Appendix 3B relating to them. it seems also that the exercise price of the options was market price for shares at the time.