The, "OR" in lieu of, "AND" below might be the issue. Have both been sold for just over $80m? Would this preclude the issue of performance shares?
Dunno, just asking..
"Notwithstanding the provisions above, all securities will vest immediately and become exercisable upon a change of control or a sale of the Brooks or Thorsby Assets with sales values exceeding $A80 million".
Ann: Dec 2023 Quarterly Activities & Cash Flow Report, page-7
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