If you divide the number of options issued (599,998) by the maximum offer (17647) you get 34 exactly.
I'm guessing that there are 34 staff in the employee share plan - 100% take up.....
That must be pretty close - Annual report says there were 35 'high calibre professionals' in the team. Maybe only 34 in the share plan at the SPP date??
Ann: Issue of Options to USA Employees , page-8
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