options ann

ASX ANNOUNCEMENT / MEDIA RELEASE
Proposed Issue of Director Options
As outlined in the Company?s 2011 Annual Report lodged with the Australian Securities Exchange
(?ASX?) on 30th August 3011, the Board has resolved, subject to shareholder approval to issue the
following options to certain Directors.
Pursuant to ASX Listing Rule 3.10.3, the Company provides the following information:
Class of Securities to be Issued: Options to purchase fully paid ordinary shares in ADO
Number to be Issued: 9,600,000
Principal terms of the securities to be
issued:
Exercise Price of $0.12;
Expiry 4 years from date of issue.
Issue Price: Nil
Purpose of the Issue: The options to represent the Director?s Long Term Incentive component of their respective remuneration packages.
Shareholder Approval: The Company will seek approval of its shareholders for the issue of the options at the upcoming nnual General Meeting of the Company.
Parties to be issued to:
Mr Mark Bouris 5,000,000
Ms Sandra Andersen 3,000,000
Mr Richard Martin 1,600,000

First impressions.. 12c and 4yrs to get there.. not much incentive there.. pretty much guaranteed to get that imo.. nice little gift and i dont have an issue with it if MB and the others perform...