Thanks both. I am a bit slow so thanks for your patience
I was confused after reading EW’s example because he mentions earning a million shares etc.,. If Damien is issued 755,671 options, irrespective of the SP at exercise or buyout price, the number of options converted to shares cannot exceed that number IMO because that is what we as SH approve as resolution. If the number of shares vary based on SP or buyout amount then as a SH. I don’t know how much compensation or dilution I am approving. That’s my point. If the number of options/ shares don’t change then I am fine not understanding the nitty gritty as they convert it by paying the company (and cause a minor dilution) or convert it cashless by buying on market as DT did is immaterial to me.
I want the board to be properly incentivised to benefit the SH but not the system gamed.
https://hotcopper.com.au/threads/ann-letter-to-shareholders-notice-of-meeting-proxy-form.7186645/page-19?post_id=65788322
Thanks both. I am a bit slow so thanks for your patience :-)I...
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