Proactive Investors - Run By Investors For Investors

G Medical Innovations board member buys $107,791 worth of out-of-the-money options

The options have a 30-cent strike price and expire 1 May 2020.
nasdaq sign
The company recently gained SEC approval for a NASDAQ listing

G Medical Innovations Holdings Ltd (ASX:GMV) non-executive director Brendan de Kauwe has purchased 2.5 million unlisted options for $107,791.

The options have a 30-cent exercise price, well above the last traded price of 19 cents and expire 1 May 2020.

For these options to have value, the share price must be above 30 cents before this date.

READ: G Medical Innovations releases prospectus for NASDAQ listing after obtaining SEC approval

Earlier this week, G Medical released its prospectus detailing a dual-listing on the NASDAQ Capital Market.

The company proposes to raise a minimum of US$17 million through the offer of American Depositary Shares (ADS).

The executives of the company will commence a US investor roadshow on 3 June 2019, after the mandatory exposure period concludes.

View full GMV profile View Profile

G Medical Innovations Holdings Ltd Timeline

Related Articles

electric vehicle charging
January 04 2019
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester
Artist Michael Foran photographs the burning US Twin Towers after the 9/11 attacks
April 09 2019
The information sharing platform archTIS commercially launched this week was inspired by the threat of the 9/11 attacks in the US and is continually relevant amid global tensions.
N-P-K, nitrogen-phosphorus-potassium acronym image
April 02 2019
The Australian company will host a Q&A call for investors this Thursday at 10.30am eastern time.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use