Wooooo Hooooo Go BPH :)$$$$$$, page-33125

Stickshift,

Rubbish, precedent exists with ASR.

They issued new options to expired holders at 1 for every 2 held @ 0.1c.

The 0.1c was issue price, not there strike.

But it requires shareholder approval, if not a resolution at the annual meeting it will not occur.

To other holder bout exercising.

If someone paid 0.5c for options, exercised at 3c
Cost is 3.5c.

If sold at 1.8c, 1.7c a share loss

You be 1.2c worse off than just letting the option expire.

If wanting bph long term, best buying the shares at 1.8c, let the options expire. The loss is automatically a cgt loss event.

If exercised, no cgt loss event.