BRN 2.00% 24.5¢ brainchip holdings ltd

Ann: Cleansing Notice, page-5

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    The options were issued for nil issue price to LDA, and if they wish to convert them to shares (exercise the option of converting them to shares) the exercise price was 20c for this Ann and the one on 11 Jan.

    So 5 million more shares were issued today when 5 million options were exercised at 20c = $1m by LDA.

    So LDA paid $1m for 5m shares today.

 
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