RLT 4.46% 75.0¢ renergen limited

Ann: Application for quotation of securities - RLT, page-6

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    "DR DAVID KING REMUNERATION
    Independent Non-executive Director Dr David King
    was issued options on 1,000,000 shares of the
    Company (or CDI equivalent) at the date of
    completion of the initial public offering (IPO) with
    a strike price equal to the IPO price plus a 20%
    premium. The options will accrue to King annually
    on completion of an entire year’s service on each
    anniversary of his appointment at a rate of 250 000
    shares per annum, including the fourth anniversary.
    The options will mature at 250 000 shares per
    annum on each anniversary of his appointment to
    the Board. Thus, the shortest option will be one year
    on 250 000 shares, and the most extended option
    will be four years on 250 000 shares. Shareholders
    approved this at the Annual General Meeting held
    on Tuesday, 19 March 2019."

    From the company Renumeration report"
 
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