Ann: Timetable for Issue of Loyalty Options, page-2

All Ardea Shareholders, holding Fully Paid Ordinary Shares on the Record Date of 22 May 2017, will receive 1 free Loyalty Option for every 3 Shares held. Each Loyalty Option will be exercisable at any time on or before one year from the issue date, with the exercise price of 77 cents (being a premium of 25% to the 5 day VWAP, 3 months from the date of Ardea listing on ASX on 9 February 2017). The Options will be transferrable, but will not be listed on ASX. Upon exercise the Options will rank equally in respect of all Fully Paid Ordinary Shares.

I for one think this is excellent, and truly reflects what it means to be a Loyalty Option. This will maintain the tight register for the next 12 months. The patient will be rewarded on this one.