Originally posted by cfp
Hi Big K, this has nothing to do with any management receiving any performance shares, if I have read it correctly it is to do with the payment by way of shares to MGI, they will be using the full 15% placement capacity of 210,000,000 consideration shares basically immediately followed by an EGM to ratify the payment of the remaining 105,656,566 shares to fulfil the agreement of the acquisition, this is a great thing today and it must herald the start of announcements flowing, sit back strap in and enjoy the ride
No you have missed a point (which is hidden in the announcement)
Page 14 shows what the effect of the 'cleasing prospectus' is:
315,656,566 to MGI
85,000,000 to debt providers/advisors etc
60,000,000 to management due to vesting of performance rights (due to acquisition of Adidi Kanga)
So management have got their pay day... we await for ours.