SP1 0.00% $1.07 southern cross payments ltd

Ann: Expiry of unlisted options and performance rights, page-51

  1. 142 Posts.
    lightbulb Created with Sketch. 45
    you know that lapse and expire mean the same thing in this context re options
    and it was the options that lapsed/expired on 1/12/19 and the performance rights which were cancelled - did you read the announcement? you need to recognise the distinction
    and if someone resigned and they were a 'bad leaver' under the option plan then those options would have lapsed at that point, not on the expiry date
    it seems obvious someone didnt want to or couldnt afford to spend $90k on exercising
 
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