apparently you will need to refer to Listing Rule 6.23.3 which states "A change [to an option] which has the effect of reducing the exercise price, increasing the period of exercise or increasing the number of securities received on exercise cannot be made."
http://www.asx.com.au/ListingRules/chapters/Chapter06.pdf
however, rule 6.23.4 suggests that a vote by the ordinary shareholders can change the expiry date. thus, a vote by ordinary shareholders is the only way within ASX rules to do so.
more as i find out more in a day or 2.
- Forums
- ASX - By Stock
- can the options be extended
apparently you will need to refer to Listing Rule 6.23.3 which...
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)