Ann: Letter to Short Dated Option Holders, page-33

Can I ask a question about how the short dated options work. Lets say the share price shoots to over $1c this year. The 0.09c option is then in the money. As the options have an expiry date of 30/6/25 -does that mean the owner must make a decision (before 30/6/25) to either sell the options on market -or buy up actual shares. With buyng up the shares, does the company help make this easy or is there another process.

On a less positive note, if the share price is still where it is today (below exercise price) nearing next June (assuming anyone wants to buy the options), it would best to sell on market.

Finally, post 30/6/25, am I correct in assuming the options have then lapsed & its too late to do anything.

Any thoughts?, thanks