Pengana International Equities

One impact on an LIC’s share price may be dilution by option exercise. According to PIA’s latest Appendix 3B PIA has 244,940,649 FPO shares, and PIAO has 244,525,379 options.

Is this a massive paper overhang subduing share price, or a ~50% potential dilution, or not a reasonable concern?

A: Thanks for the question about Pengana International Equities (ASX Code PIA) – the former Hunter Hall Global Value.

Yes, the options are an overhang, and will remain so until exercised or expiry.

The expiry date is 10 May 2019 and the exercised price is $1.18


Read Answer