The third paragraph last sentence in the 13Aug2009 announcement is important. Apologies wrong date in previous post.
"Given the current uncertainty surrounding the taxation implications of share options, the Directors intend to seek shareholder approval for two tranches of incentive based options to all of the current Directors. In respect of these replacement options, the resolutions will not be put forward to shareholders, nor the options issued, until such time as the performance hurdles are met."
GXY Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held