Because the rights expire 3 Feb 2023.
So if the share price goes above 0.1978 sometime in the next 3 years, then the employee can make money.
Issued for nil consideration, so WGO doesn't get any money now and will only get it if the share price goes above the strike price.
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- ASX - By Stock
- WGO
- Ann: Proposed issue of Securities - WGO
Ann: Proposed issue of Securities - WGO, page-5
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