PNV 0.85% $2.36 polynovo limited

PNV - Banter and General Comments, page-10689

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    Will Swami get his first lot of options now that he has been with PNV for over a year? Time will tell.

    Tranche 1: One Million (1,000,000) Options cannot vest or be exercised until after the one (1) year anniversary of the commencement of employment and until such time as shares in PolyNovo have been trading 30 continuous days at 50% greater than the exercise price or above;

    The exercise price is $1.64 per option tranche.
 
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