Looks like options are issued to employees and become exercisable after serving minimum 12 months employment prior to exercise date.
Exercise date is 31 Dec each year.
Options issued are exercisable in 3 equal tranches on 31 Dec of each year.
I assume that subsequent options issued each year would become exercisable starting 31 Dec after they are issued (assuming employee has at least 12 months service) - again in 3 equal tranches over the 3 yrs each 31 Dec.
The amounts exercisable at 30 June (date of annual reports) is shown in the link above as are options in issue but not yet exercisable.
psi81, do you have more light to shed.... I could be wrong but I recall from a post a few weeks back when the forum thread was discussing recruitment at LNC you referred to the viable option scheme for staff.
LNC Price at posting:
$1.60 Sentiment: None Disclosure: Not Held
