Thanks @Pman ...and if SH's don't exercise them in two years time, do they disappear into the ether or do they go to the Underwriter? I was reading another thread where I stumbled upon these comments in relation to Underwritten Options:
'Don’t do nothing... they will disappear into thin air for you but the broker who has underwritten them will get them'
'Any options that don't get exercised by market-buyers get exercised by the Underwriter (so the impact onto ADO was the same once the Option went to in-the-money status).'
'(In theory to satisfy T+2 for the final holder, Holder's\Underwriter's final exercise payments, and confirmation of particulars for the eventual ASX finalisation).'
https://hotcopper.com.au/threads/adoo.5763089/
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Ann: Wellfully's Updated Timetable, page-9
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