AZX 0.00% 28.0¢ auzex resources limited

massive discount to takeover offer, page-11

  1. 7 Posts.
    Vasilly6

    I'm a GGG holder for over 5 yrs (so I could be biased.

    A couple of points; when your (AZX) board voted themselves options the share price was around 55c, but their options price was 20c as opposed to GGG board who took options price of 40p when the share price was 12.625p.

    "LONDON 23 November 2010

    The Company announces the grant of 7,260,000 options over ordinary shares of 1
    pence each to various Directors and consultants.

    All of the options granted pursuant to this notification are exercisable at an
    exercise price of 20 pence per new ordinary share and are exercisable at any
    time up to 23 November 2015.

    The exercise price is at a 58% premium to the closing mid market price of
    12.625 pence yesterday."

    Also have a read of the RNS issued Monday 21st March

    http://www.advfn.com/p.php?pid=nmona&article=46946825&symbol=GGG

    Lets look forward to rowing at the right pace in the same direction
 
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