it meansthat some person, or group of persons, would have been granted 18,810 ordinary shares without being required to pay for those shares if certain conditions had been met.
Generally those conditions relate to the share price having reached a certain level and maintained that level for a period of time. Alternatively the conditions could have related to the company achieving defined market share in certain markets. The actual conditions attaching to the securities are not disclosed in this document. Those conditions would have been disclosed in the announcement made when the rights were granted.
as the conditions have not been satisfied or have become incapable of being satisfied, those rights cease.
A2M Price at posting:
$8.31 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)