letter to shareholders, page-106

The Explanatory notes in Section 5.3 (f) states that the "latest date that the Company will issue Performance Rights under Resolutions 5 to 7 (inclusive) will be no later than 12 months after the date of the Annual General Meeting."

That means the Rights need to be given before 28 October 2017, otherwise they expire - so either way, the vesting date of 31 December 2018 is meaningless. The whole letter smacks of a hurried attempt to placate shareholders. If they really wanted to do that they should have better thought through the implications of the vesting date and the $0.10 or more price being achieved MORE THAN TWO MORE YEARS FROM NOW (yes I am shouting from frustration!).