Billja,
Yes asra did it.
They replaced expired options with a new series at a nominal 0.1c each
To be legal, a monitary sum is needed, in the asra case why issued at 0.1c per option.
They classed them as loyalty options.
If you look over asra releases you can ready why and what ruling they used.
So that is our precedence.
For DB at bph, if the options expire, sophs that got them in both cap raises will get burnt.
An interesting question. Why did bph issue short dated options and not create a new series?
Had they issued a new series the possability of replacing expired options could not have existed when bphob expire.
Interesting I found at the time as short dated sweeter is pretty much useless in itself.
A shareholder vote is required, because most large option holders are top 20 full share holders a vote would most likely get up.
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