"All the time" is they get underwritten if they are not taken up on issue - they don't get "underwritten" when they already have been assigned to people! If you really are interested you need to research the normal practise of underwriting options on issue and the way this particular "underwriting" has been stated. They are NOT the same.
We can find NO OTHER CASES of underwriting like this one - and the companies explanations of the underwriting leaves out a lot of the necessary detail about how this "reassignment" of options is happening.
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- Ann: Appendix 4C and Quarterly Update
Ann: Appendix 4C and Quarterly Update, page-242
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