Deadline for payment is when the options expire, which is 5.00 pm (WST) 31st December 2011, security transfers need to get your cheque before this time and date and same if you're paying by b-pay. I went into security transfer and handed over the cheque to them personally on december 6th and it took till 20th december for the ordinary shares to appear in my comsec account.
quick question about oppie exp, page-3
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