Ann: Updated Scoping Study Results Lake Maitland Uranium Project, page-100

The directors' performance rights? No. Cancelled.

Unless, the strike price was hit by the court date of the agreement, then they were obviously free to covert to ordinary shares.

It was the ordinary shares that were then subject to swap for 0.294 DYL shares, per vimy share. Which implied 28.5¢ per Vimy share, representing a paltry premium of 35.3% to the 30-day VWAP and a 18.8% premium to the closing Vimy share price on 25 March 2022. So, rather insignificant uplift. Certainlly not enough to trigger the bulk of the perfirmance rights. The 19c strike price performance right issue were converted, as I recall.

And then, to top it all off, Mike Young had to find himself another job. But, he was built like that, he loved it, it was always about getting the project moving for him. Hell, he had completed the pilot plant, infill drilling, and DFS by 2018! He was a good manager, he could see the uranium boom coming.

I'm sure RH watched all this in horror.