Hi @sbmr
Have a read of the announcement 27/3. No options sold on market. They talk about a cashless exercise facility. The way I read it, the number of options received by Greg, Mohammad and Damien is reduced by about 1/3 of what they were allocated. Equates roughly to the option price to share price ratio at the time of .15 to .45. The point was they don’t have to cough up cash to pay.
For us as shareholders this is less shares on issue than planned (good IMO) but also less cash in the bank (also good IMO! because we are not spending too fast atm anyway).
Nothing to see here IMO.
Cheers lj73
Hi @sbmrHave a read of the announcement 27/3. No options sold on...
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