Ann: Options Prospectus, page-61

I have mentioned it only in the above thread, it is a thing that is often done when options expire. Directors just need to be made aware of it. I have in the past, emailed the company a list of asx other stocks that i was aware of at the time, sometimes a holder, where it had been done multiple times. TON is one that i cant recall up to TONOE ? etc. BRK was another, for two that i took part in. There are many others of course which i would have been aware of and listed them at the time.

It can be a placement, or accompanying a rights issue to shareholders, where there is a new option attached, and same is given to replace expired option holders can be on a 1-1 basis typically to shareholder approval.

Many shareholders are option holders also. So it extends the timeline for the leverage to benefit, and when finally in the money is a decent windfall for the company on conversions.