DXN 0.00% 3.0¢ dxn limited

DXNOD VALUE, page-20

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    Can someone please tell me what is DXNOD is and what does do?

    I know its an option which is exercisable in 3 years' time at 2c, so if say DXN shares in 3 years' time is at say 5c, what's the value of DXNOD then? Is it 2c? And also considering DXN already has so many shares on the market, wouldn't by exercising DXNOD adding a lot more dilution to the share price???

    Sorry, not an options trader so it's bit out of this world for me............
 
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