What difference does it make if the directors choose to close the offer early?
This is just legalese.
All the options are being issued to LDA for nil consideration.
It's a standard cleansing prospectus for the LDA options.
The main purpose of the document is to allow LDA to on sell their options in the next 12 months with ease if they should choose to do so.
The prospectus prevents any future potential headaches.
For those interested in some of the legal background to why a cleansing prospectus is necessary, here is a link:
https://www.claytonutz.com/knowledge/2018/august/not-navigating-the-technicalities-of-the-on-sale-prohibitions-lands-asx-listed-companies-in-court
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Ann: Cleansing Prospectus, page-13
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