From Grok on this one, I think we can still get an announcement next week and the tranche would still qualify.
"The theoretical UK government funding announcement next week (e.g., April 2025) would qualify for the vesting of Tranche 1 Performance Rights, provided it meets the £5 million or greater threshold and is announced to the ASX. The fact that the announcement occurs after the Notice of General Meeting (16 April 2025) but before the General Meeting (16 May 2025) and the issuance of the Performance Rights (by 16 June 2025) does not invalidate it. The Vesting Condition is tied to the milestone (ASX announcement of funding) and must be met by 30 April 2028, with no requirement that it occur after the Performance Rights are issued or after the AGM.If the Performance Rights are approved at the AGM, the Tranche 1 Performance Rights would vest immediately upon issuance (post-AGM), as the Vesting Condition would already have been satisfied. "
IXR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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