The reason for the buy back is stated as, "Buy back of ordinary shares issued pursuant to LTIS funded by loan secured against ordinary shares issued. Loan has not been repaid on due date.:
Does this mean an e'ee or e'ees has been lent money by SOO, and that, with the loan not being repaid by the due date, SOO is now claiming thate e'ee's or employees' LT In centive shares by way of payment. Is so on what basis is the transaction valued? A big query because thw Ann also notes 5m shares are to be bought back and that their price will be, "The consideration will be fully off-set against outstanding loans owed by the former employee for the acquisition of ordinary shares in accordance with the LTIS. There is no net amount payable to the shareholder."
Hhmmmmmmmmmmmmmm...A confused Pt
GOE Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
