...will be hoping to see the share price in Yates move North mighty quick if their remuneration incentives just issued are 20c options expiring in less than 3 months....
YATES LIMITED 2002-07-09 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ I advise that the board have issued the following options to employees under the Yates Limited Employee Share Option Plan:-
4,520,000 share options at an exercise price of $0.20, exercisable between 30 April 2003 and 30 April 2006.
Additionally, the following options have been issued to licensed dealers insecurities based on the total aggregate of accepted applications for their clients in projects marketed by the company during the year ended 30 June 2000 and 30 June 2001:-
224,205 share options at an exercise price Of $0.30, expiring 31 December 2005
1,305,333 share options at an exercise price of $0.20, expiring 30 September 2002
The following options were issued to Mr Ian Hunter, as approved at the Company's Annual General Meeting 250,000 share options at an exercise price of $0.44, expiring 31 October 2006
All share options issued are unquoted.
P Mullin CHIEF FINANCIAL OFFICER COMPANY SECRETARY
