They are called a loyalty option. Vest in 1 year, expire a year later and exercisable at $1.10.
They can only can be exercised by the applicant in the IPO.
They are non-transferable and won't be quoted on the ASX.
Once a share is sold the option attached to it automatically lapses, even if the application in the IPO buys it back.
An interesting take on the normal options associated with a LIC.
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Last
$1.19 |
Change
0.000(0.00%) |
Mkt cap ! $32.85M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 7653 | 2 |
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| Last trade - 11.00am 01/08/2025 (20 minute delay) ? |
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