SHARE-BASED PAYMENTS (Tables)
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12 Months Ended |
Jun. 30, 2020 |
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| SHARE-BASED PAYMENTS |
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| Schedule of assumptions in the estimated fair value of stock options |
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Factor
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Incentive option plan
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Weighted average fair value of shares
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$5.42
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Exercise price
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$4.55
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Weighted average expected volatility (*)
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29.69%
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Dividend rate
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0%
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Weighted average risk-free interest rate
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1.66%
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Weighted average expected life
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9.89 years
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Weighted average fair value of stock options at measurement date
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$2.47
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| Schedule of weighted average amount and exercise price and the movements of the stock options of executives and directors |
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06/30/2020
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06/30/2019
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06/30/2018
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Number
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Number
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Number
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of
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Exercise
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of
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Exercise
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of
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Exercise
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options
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price
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options
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price
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options
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price
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At the beginning
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—
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—
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—
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—
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—
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—
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Granted during the year
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1,200,000
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$
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4.55
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—
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—
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—
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—
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Annulled during the year
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—
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—
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—
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—
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—
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—
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Exercised during the year
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—
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—
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—
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—
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—
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—
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Expired during the year
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—
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—
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—
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—
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—
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—
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Effective at year
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1,200,000
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$
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4.55
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—
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—
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—
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—
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| Schedule of assumptions in the estimated fair value of bonus performance shares granted |
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Factor
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Bonus in performance
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Number of shares to be granted
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530,000
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1,060,000
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Stock price at the grant date
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$5.42
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$5.42
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Exercise Price
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$10.5
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$21.0
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Weighted average expected volatility (*)
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24.78%
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24.78%
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Dividend rate
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0%
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0%
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Weighted average risk-free interest rate
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1.52%
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1.52%
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Weighted average expected life
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2.63 years
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2.63 years
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Weighted average fair value of stock at measurement date
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$0.479
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$0.005
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