Hmm I like this:
Options 6,250,000
"These options will vest and become exercisable when the
Enterprise Value of the Company reaches at least
USD$400 million."
EV as of today is AU$136.3m
USD$400m EV is AUD$536.7m EV
That's a 294% increase, which means the options can only get exercised at exactly AUD$1
Nice.
Ann: Notice of Annual General Meeting/Proxy Form, page-2
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