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Ann: TNG Announces Share Purchase Plan and Options Offer, page-38

  1. abishai
    1,017 Posts.
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    01/12/16
    11:04
    Post #: 21021896
    An option is a right to buy shares,1 share per option in this case,at a predetermined price,20c per share in this case,on or before the expiry date,june 2017 in this case.There is no obligation to exercise the options and they will lapse,i.e. cease to exist after the expiry date.
    Hope that helps
    TNG Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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