It doesn't seem right that in the event of a merger you would be forced to exercise option at full price years in advance.
Looking the the recent MRO/UKL merger (this last week) :
"Monaro will also make private offers to
exchange Uranium King’s unlisted options at the ratio of 0.48 Monaro shares for each
Uranium King option."
So it looks like a conversion from UKL options to MRO shares at ratio appropriate to market prices at the time, with no exercise payment required.
Admittedly these are for 2m unlisted options...maybe different situation.
It doesn't seem right that in the event of a merger you would be...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PEN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.4¢ |
Change
-0.005(5.11%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 8.6¢ | 8.6¢ | 8.2¢ | $556.0K | 6.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 377021 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 490577 | 6 |
View Market Depth
| Last trade - 13.15pm 29/08/2024 (20 minute delay) ? |
| PEN (ASX) Chart |