So whereas on the last occasion vesting of the performance rights was satisfied by a simple issue of PNC shares [ for nil consideration] it appears that the company is effectively buying PNC shares to later give to the employee beneficiaries.
I am assuming that the entire 8.6 million 2026 performance rights are to be acquired on market .
I'm also assuming that Pioneer Credit is providing the funds to the trustee to do so .
It suggests to me that this could result in an immediate spike in buying interest in PNC..especially if a settlement with PwC is in the works.
Ann: Acquisition of shares by Equity Incentive Plan Trust, page-2
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $64.28M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 38.5¢ | $108.2K | 271.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20406 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 13255 | 1 |
View Market Depth
| Last trade - 15.58pm 23/04/2025 (20 minute delay) ? |
| PNC (ASX) Chart |