Intec Options Expire 31 December 2009 Intec Ltd (ASX Code: INL) has 131,909,968 quoted options (ASX Code: INLO) which expire if not exercised by 5:00 p.m. on 31 December 2009. Each INLO option converts into one INL share at an exercise price of 8 cents ($0.08). The quotation of INLO options on the ASX will end at close of trading on 22 December 2009, after which trading in INLO options will cease. As at 15 December 2009 the market price for the underlying INL shares was 1.5 cents ($0.015). The highest market closing price for INL shares for the past three months was 1.9 cents ($0.019) on 24 November 2009. The lowest market closing price for INL shares for the past three months was 1.3 cents ($0.013) on each of 5, 20 and 27 October 2009. As there is little likelihood that the INLO options will be exercised, due to being “deeply out of the money”, Intec will not send an expiry notice to each option holder, except if the market price of INL shares exceeds 6 cents ($0.06) before 31 December 2009.
SDV Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)