Trading Today 17th Feb, page-110

Hello H!

It's different for each stock, and whether you wish to trade or accumulate.

GPPO have a conversion price 1c. You have until 13 Oct 2019 to find the cash.

So say at current prices $37 000 will buy 1000000 'heads' (ordinary shares).

Or 1.37M options at 2.7 cents.

Once you've bought options you may
a) trade them (remember there are far fewer options than heads so can be a more fickle market)
b) save up the $ and convert them. Tax note: CGT clock restarts.
c) If you do neither by Oct 2019 they lapse.

Could go on but may start an Options thread and not clog this one.

Hope that helps.

Jen.