Ann: Appendix 3B, page-3

While the announcements/documents have the same title, they are not related.

The one in this thread is simply cancelling out expired options due to the date for exercise being reached.

The previous one provides our management with 14,198,406 reasons to continue improving the share price.

Worth noting the 2^nd last sentence on Page 22 of the Annual Report, which notes; “If the Company is subject to a Change of Control Event, all unvested Share Rights will immediately vest at 100% to become Share Rights, with all and any Performance Criteria being waived immediately.”

Timing of course could be coincidental, however this ensures if the takeover is achieved, management do not walk away empty handed. Also means the Company just became about 3% more expensive on a per share basis.

If it was anyone else but RC leading CTP, must admit I’d start feeling a little concerned, especially after seeing what just happened to UGL’s largest shareholder (Allan Gray) when CIMIC took them over… the CEO pocketed a nice $7.6M however.

http://www.copyright link/business/game-over-how-cimic-snatched-ugl-from-shareholders-20161206-gt5m1o