Make that 2% down..
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Peter Nathan’s 800,000 options expire 12th May,2021. Instos keeping this price depressed so he gets punished for his poor performance and complacency the last 9 months.
Deleted...somebody answered
Sounds like one of these crazy conspiracy theories. Frankly, I think you overestimate the sense of fairness and the resolve of "the institutions", whoever this might be.
Worse - you clearly misjudge what might drive a bunch of greedy competing institutions - there are only two things diving them: !) For the respective fund manger to earn a big bonus and 2) for the respective institution to make money. If 1 and 2 are conflicting, than 1) prevails.
Punishing poor performing board managers by artificially keeping the share price low is clearly nothing which would drive them ... unless it would be related to the bonus payment of the fund manager :p;
Peter Nathan executed those options on 2nd of March. http://nzx-prod-s7fsd7f98s.s3-websit...484/341612.pdf