You simply BPAY $0.65 per option you hold, that you wish to exercise and then receive one share per option exercised.
You technically can exercise options before they are "in the money" (i.e. the SP is above $0.65). People usually dont for obvious reasons (you could just buy the shares for cheaper on market) but with the piggies in play, I'll leave that up to you...
And No, the loyalty oppies exercise price stays at $0.65 even if the SP goes above that.
PAR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
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