BET announced on 29/08/2019 that they issued the following options:
19.8m options to employees under the Company's long term incentive plan at an exercise price of 6c per option, expiring on 31/12/2022. The options were subject to "certain time-based and performance-based vesting criteria."
10m options to Canaccord for the provision of corporate advisory services at an exercise price of 6c, expiring on 1/7/2022.
I assume 8.7m of the 19.8m employee options were exercised before 20/12/2022? Leaving 11.1m that were exercised on 20/12/2022.
At the time BET filed an Appendix 3B which listed the following list of securities not quoted on ASX:
16,667,000 unlisted options, exercisable at 6c, expiring 21/6/2022, subject to various performance hurdles.
2,954,681 unlisted options, exercisable at 29.31c, expiring 31/10/2020, subject to vesting conditions.
4,000,000 unlisted options exercisable at 12.21c, expiring 30/11/2020.
19,800,000 as above.
10,000,000 as above.
The BET SP in Aug 2019 ranged from 6c-8c.
BET Price at posting:
27.0¢ Sentiment: None Disclosure: Not Held
