Options insights, page-108

Hey @Coxy3232 my understanding is they will mail it out, they have to initiate the process, their system will then generate the BPay number and paperwork, then mail it out (but it doesn't happen whilst your on the phone, happens overnight). That's why IMO anyone who's thinking of exercising in the last week or two of Feb 2024, ought to rethink and do it much earlier, as Link could prove to be a stumbling block at the last minute.
Also if anyone is thinking of buying ARUOs and doesn't yet have a BPay number to exercise with, and they are thinking of definitely holding on til Feb 2024, then contact Link now to get their BPay/Exercising Paperwork. Of course anyone who buys after about Feb 22nd will likely not be eligible for the 50% CGT discount as they won't be able to sell their ARUOs on-market after Feb 24th. They will of course be able to exercise the ARUOs into ARU shares BUT the 12 month CGT discount rule will start from the Exercising date !! SO they will be holding onto those ARU shares until March 2025 to get the 50% discount. (doesn't apply to SuperFund in full Pension mode-zero tax anyway)
As the ARUOs are now comfortably above the Exercise Price, I will be exercising my ARUOs when my SMSF liquidity/cash position allows.

Hey @Hosujan (and @Coxy3232 and @nm123 - yep) regarding the ARUOs and a takeover offer, generally the entity making the Takeover Offer will stipulate the position of the option holders in the TO Documents. Most TO Offers will state that the options need to be Exercised first, FPO shares issued and then those shares can be accepted into the takeover offer at the stated Offer Price. I hope that clears it up.