RAC

1.11%

$1.83 race oncology ltd

This is covered in RAC's corporate governance policy, Schedule 9...

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KingBuzzo

350 Posts.

782

18/06/21

13:27

Post #: 53924956
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Originally posted by Titans19: ↑

Given these RAC options expire in 12 mths from issue, there is no CGT discount if the company is bought out while still holding these options (ie, they will never go over the 12 mth period). Therefore, the interesting thing to look out for would be if Dr T and the rest of the board fork out to convert their options once the SP is over $4.50.

On one hand you want to convert early so that the CGT clock starts. However, on the other hand you want to convert when the Head SP is the highest during that 12 month period. (In both instances you only do if over $4.50, and if you have money to convert when SP is less then $4.50 then you buy on market obviously).

These $4.50 options are the next to expire for Dr T. Followed by the $0.19 options expiring Nov 2022.

I've asked this question before, but can't remember the response or if there was one. Does anyone know if the board are allowed to convert options during a blackout period?

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This is covered in RAC's corporate governance policy, Schedule 9 - https://www.raceoncology.com/wp-content/uploads/2020/08/Corporate-Governance-Plan-Amended-7-July-2017-1.pdf

and (as the $4.50 options were not made under an employee share scheme)

In summary, it appears options may be converted at any time, but any shares acquired as a result of that conversion are subject to trading restrictions, blackout periods etc.

RAC Price at posting: $3.77 Sentiment: Buy Disclosure: Held
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Last $1.83		Change 0.020(1.11%)		Mkt cap ! $310.7M

Open	High	Low	Value	Volume
$1.81	$1.83	$1.79	$142.0K	78.77K

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No.	Vol.	Price($)
1	500	$1.81

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Price($)	Vol.	No.
$1.83	641	1

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No.	Vol.	Price($)
1	500	1.810
3	7009	1.790
1	450	1.780
1	651	1.775
3	17043	1.770

Price($)	Vol.	No.
1.825	641	1
1.830	1209	2
1.835	651	1
1.840	4651	3
1.845	2746	1

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This is covered in RAC's corporate governance policy, Schedule 9...

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