1054 trades, page-25

Hi,

that was a General Meeting to do with varying the terms of options. Interesting timing that you raise it now Kirstenl, because what we were talking about back then is EXACTLY what we are talking about now:

23rd January 2008

Shareholder approval is now sought...
The effect of the amended terms is that the Director Options will be immediately exercisable, upon:

(a) a takeover bid (as defined in the Corporations Act) to acquire any Shares becoming or being declared to be unconditional, irrespective of whether the takeover bid extends to Shares issued and allotted after the date of the takeover bid or not; or

(b) a Change of Control Event occurring; or

(c) a merger by way of scheme of arrangement under Part 5.1 of the Corporations Act being approved by the Court under section 411(4)(b) of the Corporations Act.


Hmmmmm.... are our directors a forward thinking lot?

AGM is probably going to be in early November in Perth, and is worth attending.

Joel