Look at the 'Notice of Annual General Meeting/Proxy Form' announcement from 24-4-19.
Essentially the existing options held by directors (MW, CB, CF and GE) are all being cancelled and re-issued. The new structure is a combination of options and performance rights. Significantly lowering the bar.
Shouldnt have any impact on todays trading as it was all announced a month ago.
Ann: Cancellation of Unlisted Options, page-3
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