I’ll like to know what’s the rationale of the above action, is the main reason to offset the dilutive effects of EPS and CF per share respectively? Or other reasons I’m not aware of?
From time to time some management will buyback share from the market at a price they perceive value and give it to the employee as share option. The move does not really dilute shareholder interest.
Ok that’s only if the share price is considered undervalue based on what we’ve learnt here by removing non business related income?