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✅ Final Verdict:
? Moderately Positive Catalyst for AIZO
This move reduces future dilution risk and shows the board is taking active steps to realign management incentives with actual business conditions.
It clears a psychological and structural burden from the share base.
The fact that it was done voluntarily, transparently, and as part of long-term planning is a strong governance signal.
Unless followed by bulk director resignations or share disposals, this should be taken as a positive structural reform — not a bearish signal.
To me, it’s the correct decision. Why would you take up at 12 cents when the price now is only 7 cents. Might as well collect from the open market without diluting the shares. This could have already happened past couple of months whereby we saw many shares exchanged hands from 0.075 to 0.085. Could they have collected enough and then suggest a new SIS option scheme for the balance intended shares? I guess anything is possible and good luck to all.