From what I remember, vesting was as above but also with a 30% premium to VWAP
on the week before which this came to pass. I think it worked out approx 9.0c per option(maybe 8.7?).
Add 30% to that which will give 12c.
If I am correct and I'm only going from memory here, which at times is dismal
it would mean over the next 2.5 years shareholders will get a return of 66.66% at current close of 7.2c otherwise managements options will not be allowed to be vested.
66% is of little consolation to many here who are deep in the red me included but is this 12c figure accurate for the vesting of options?
Cairn Pre-Close Update 19 January, page-48
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