They are called a loyalty option. Vest in 1 year, expire a year later and exercisable at $1.10.
They can only can be exercised by the applicant in the IPO.
They are non-transferable and won't be quoted on the ASX.
Once a share is sold the option attached to it automatically lapses, even if the application in the IPO buys it back.
An interesting take on the normal options associated with a LIC.
They are called a loyalty option. Vest in 1 year, expire a year...
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Last
$1.19 |
Change
-0.065(5.20%) |
Mkt cap ! $32.85M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.24 | $1.18 | $70.05K | 58.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4240 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 20000 | 1 |
View Market Depth
| Last trade - 15.39pm 31/07/2025 (20 minute delay) ? |
| FPC (ASX) Chart |