Ann: Cleansing Notice - Share Issue, page-2

Some were issued as payment for job, 1.5 mil, cxoaa perfomring right issue, no consideration...so free, so at today price roughly $800,000.

the rest were those exercised 45cent options, at the rate that are being exercise the full 80mil volume of options should be completed end jan - feb 2022, as assuming 1 parcel per week, interesting to me about why they are exercising now as they have till 2023....we have enough money in the bank for some years to come so the question of had they been asked to exercise for so worthwhile reasoining....... if they, who ever they are...... had just given us more under that past (but fairly recent CR) these attach option they would have got these extra now executing shares much cheaper... obviously they are confident in CXO, to fork out the money, but interesting... hows its playing out...and the reasoning.
For them it could, valuation wise, on the amount of shares they have to free carry. ie CR plus options amounts of shares totally paid / current share price. actually that look more like a great profit more than free carry, great outcome at this stage. ... and still more to come for them.

maybe they just didn't have the fully amount to fork up witth the CR so decided to space it out asking for 2023 to cover themselves.. anyway interesting corporate stuff to me, almost a world away from our daily lives, assuming of course most of us aren't in the corporate world