Ann: Investor Presentation Diggers & Dealers August 2024, page-10

Yes is the short answer and it was legal. When a company is in merger or takeover acceleration of any unvested/unhurdled performance rights and options in the directors names can either be cancelled or at the target companys' directors complete discretion can be taken vested and exercised. That was the case with greedy Greenstone directors. In total those directors took 59 million free performance rights over their journey.

Those 59 million absolutely free Greenstone shares are now equal to 16,921,200 Horizon shares and the bulk of those are in Hansens name and/or his partner.