Yes options expire in June. Unsure whether any of the performance rights issued in January (as a replacement to the soon to be expired out of the money options) have been assigned to JT, but I assume they were part of the incentive plan options and as such a percentage would have gone to him. So it's not like the incentive will have been worthless as it has been replaced. At last years AGM members voted to allow BOD to effectively replace the now worthless options with performance rights. This was effected in January 2020 with the issue of over 7.5m performance rights to various board members and executives.
GXY Price at posting:
87.5¢ Sentiment: None Disclosure: Held
