The Explanatory notes in Section 5.3 (f) states that the "latest...

The Explanatory notes in Section 5.3 (f) states that the "latest date that the Company will issue Performance Rights under Resolutions 5 to 7 (inclusive) will be no later than 12 months after the date of the Annual General Meeting."

That means the Rights need to be given before 28 October 2017, otherwise they expire - so either way, the vesting date of 31 December 2018 is meaningless. The whole letter smacks of a hurried attempt to placate shareholders. If they really wanted to do that they should have better thought through the implications of the vesting date and the $0.10 or more price being achieved MORE THAN TWO MORE YEARS FROM NOW (yes I am shouting from frustration!).