"During the half-year ended 31 December 2020, 2,250,000 Performance Rights were granted to employees of the Group.
The two separate tranches of Performance Rights will vest upon satisfaction of the following Performance Conditions:
-1,125,000 Performance Rights will vest upon the achievement of first commercial sale of Sulphate of Potash
(SOP) on or before 30 September 2021; and
-1,125,000 Performance Rights will vest upon the Company not exceeding the revised capital expenditure budget
in respect of the construction of the Beyondie Sulphate of Potash Project, detailed in the Company’s investor
presentation and prospectus dated 21 May 2020, when the Company achieves First Sales.
The Performance Conditions attached to the Rights have been assigned a probability of 100%. The fair value of the
Performance Rights is $450,000 ($0.20 per Performance Right)"
What happens now to the performance rights?
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- Ann: Beyondie SOP Project - Operations Update
"During the half-year ended 31 December 2020, 2,250,000...
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