A "performance right" is a contractual right to receive a given number of ordinary shares if a nominated performance milestone is achieved. The shareholders approved the allocation of the performance rights at the last AGM. When the SP or organisations performance reaches the level specified in the contracted terms then the shares are issued against the rights. So the issuing of the shares against the performance rights is the thing to look for with regard to determining whether production milestones were met.
- Forums
- ASX - By Stock
- OGX
- Ann: Change of Director's Interest Notice - Appendix 3Y x 6
Ann: Change of Director's Interest Notice - Appendix 3Y x 6, page-5
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OGX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online