RE: Performance Rights9 Feb 2022 10:09
John, as per the email from SD copied here yesterday:
As AB’s options are well in the money and approaching expiry there is a good chance he could exercise them and then have a considerable number of shares to potentially sell and put yet another drag on the share price at a time when we really don’t need it!
By extending the expiry, SD believes (and I’d be surprised if SD and AB have not discussed and agreed on it) that he will prevent this.
Yes, it may be kicking the can down the road a ways, but if things go as we all believe, thanks to this extension the share price should be considerably higher when that time comes!
All IMHO based on the email from SD posted yesterday - credit I believe Academy??