“That in accordance with Listing Rule 10.14, the Company be permitted and authorised to grant up to a maximum of 20,000,000 Performance Options under the Company’s equity incentive plan to Mr McKnight or his nominees for nil cash consideration, and otherwise on the terms and conditions set out in the accompanying Explanatory Notes.”
• the Performance Option will be issued at no cost; • The formula to calculate the number of Performance Options to be granted is ($1,260,000/ Market Value)
Not a bad hand out. And interesting incentive to get the share price up.
G6M Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
