Ann: Lapse of listed options , page-4

pahly....the options in the ann were AHZOA listed options (in other words they were being traded on the ASX). Their excercise price...that is the price you pay to Allied Health to purchase them.....was 4 cents.

The normal expectation with options is that before they expire (31/12/2011) the AHZ sp would be a lot higher....say 10 cents. If the AHZ sp was 10 cents then an option holder pays 4 cents for say 100,000 AHZOA options which they hold, which then get converted to AHZ shares...which in this example would be valued at 10 cents....making a nice profit for the 4 cents per option share.
In this particular case the market must have felt that it could not wait until the AHZ sp rises, and decided not to exercise their options.

If all the remaining options had been excercised then it would be an additional $2,907,659.36 in AHZ coffers. Along with this the total AHZ pool would have gone from approx 660mil shares to 732,691,148 shares....in the scheme of things...probably a small dilution.

Hope this helps

Cheers