Ann: Proposed issue of securities - BEZ, page-6

Something to note on the Nobleman call options. The Nobleman options expire on 1 December 2026 if not exercised prior and higher required trading prices (the tiggers to exercise each parcel being 35 cents and 55 cents for 30 consecutive BEZ trading days), are to be exercised than the company director ones (refer below). So, Nobleman are incentivised to also align with BEZ Management in getting their call options exercised as well prior to 4^th quarter 2026.

I reckon Nobleman and BEZ management want to see a consistent share price above 60 cents for all of this to happen prior to December quarter 2026.
That just my personal opinion but you make up your own mind on what this may all mean.

Let's see what BEZ Directors have to say about all of this (and in the post meeting ASX Notice) at the AGM & "Special Meeting" in 3 Friday's time on the 22nd December. What's the BEZ plan for the next 2 years?