TSXV:ORC.A - Post by User
Comment by
cybercanuckon Sep 25, 2021 4:45pm
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Post# 33919650
RE:Insider update
RE:Insider updateThere are currently 19 984 109 shares outstanding ... 1 750 495 are Class A and the remainder are Class B. That is a significant drop from over 35 million from a few years back.
There are no options other than SARs RSUs. These are settled in cash.
SAR stands for Stock Apprciation Rights. They lock in the " appreciated " amount via a cash transfer from the company to the individual.
See pg 15 of Notice of AGM for the list
Some have a negative exercise price because this price is lowered by the equivalent amount of any distibutions or dividend payments.
For example
Exercise price ( $0.35)
Stock price $5.25
Implies the company is obligated to pay $5.60 / SAR to the holder. No stock is issued because this is a cash transaction.
Ex dividend date is Sept 30th so the exercise price on the options will be automatically lowered.