They're pretty simple. In this context, they are the option to buy shares for a fixed price at or before a future date.
These can be listed or unlisted. Listed options are usually a perk that was given in a CR, unlisted are normally part of an incentive program for the board.
The logic behind the incentives are, the board can make a shitload of money if they can attract enough investors to get the share price up before their options expire. If they do, they convert the options and buy at a significant discount to the market.
It doesn't really benefit them in the short term, it is a method of trying to make the board's financial interests tied to that of the smaller shareholders over a number of years.
It's pretty unusual for them to exercise them early.
Hope that helps.
Cheers
Ann: Change of Director's Interest Notice - Andy Beckwith, page-11
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Last
$1.23 |
Change
0.020(1.66%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $8.926M | 7.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 334167 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25000 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |