In the event of a takeover/merger, they may give options holders an opportunity to exercise their options during the offer period.
e.g. from the recently announced Genesis and Dacian merger:
"The Offer extends to all Dacian Shares currently on issue, and those issued during the Offer period as a result of the exercise of currently issued options or performance rights. Based on Genesis’ last closing price of $1.205 on 1 July 2022, the implied value of the Offer Consideration is $0.102 per Dacian Share which values Dacian at approximately $111 million (on a fully diluted basis as of the date of this announcement4)."
Ann: Quarterly Cashflow Report 30 June 2022, page-13
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $38.55M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.4¢ | $66.83K | 1.194M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 72215 | 1 |
View Market Depth
| Last trade - 15.40pm 21/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
-0.002 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.4¢ | 128123 | ||
| Last updated 15.08pm 21/05/2024 ? | |||||
| HRZ (ASX) Chart |