Surely the shares can't have been issued for 30 June 2012...

Surely the shares can't have been issued for 30 June 2012 accounts - the results won't be known even internally until sometime in August so this wont be the selling (i.e. new bonus shareholders dumping).

I can't see Arccon having hit their full NPAT bonus numbers given the profit numbers for calculation exclude the other 50% of CIA acquisition made in November and the Allmine maintenance division. So assuming a $13M NPAT for the whole group is hit, I just can't see Arrcon having performed to get their full allocation. My guess is they'll be in the mid range of the 7-12M band but not above the $12M mark