Ann: AHF Loyalty Options - Streamlined Exercise Process, page-9

This what I dug up from the AN Report .basically looks like aprox 25mill ops @.25c =$6.250mill ..maybe you see it different
go to Page 40 for Movement in stapled securities:
http://www.adfl.com.au/assets/ASX-Announcements/20151001-AHF-Annual-Report-to-shareholders.pdf

On 8 December 2014 the Group allotted 29,350,479 unlisted loyalty options over stapled securities pursuant to its bonus issue as set out in detail in the Offer Document dated 17 November 2014. On 27 February 2015, 24,811,306 options vested to the holders of loyalty options on that date in accordance with the issue terms of the loyalty options. The KMP in the table above were holders of stapled securities on these dates and were issued options in accordance with their holdings. The vested loyalty options are not transferrable and may be exercised at any time on or after the vesting date of 27 February 2015 and before 31 March 2016 at the holders election by paying the exercise price of $0.25.