AZL General Discussion, page-755

90,000,000 "incentive" share options with an expiration date of 11 October 2024 were issued at nil consideration to three AZL directors on 11 October 2021 at an exercise price of 6 cents. The AZL Board has recommended that AZL shareholders vote to ratify the issue of these director share options at the upcoming AZL AGM on 16 November 2021.

Hypothetically, if the AZL share price was to reach $5 in say July 2022 the three directors would be able to elect to exercise their options at that time and then sell their shares. They would then walk away with $450 million between them without having exposed themselves to any financial risk with respect to the options.

I would welcome any thoughts anyone has about these options. Specifically, whether one should vote for or against the ratification of the options.