CCC 0.00% 0.1¢ continental coal limited

options

  1. 2,515 Posts.


    Just having a browse through the latest announcement
    Newbies should pay particular attention to the following

    The Market cap of CCC
    +

    A Director may be paid fees or other amounts (ie non-cash performance
    incentives such as Options, subject to any necessary Shareholder approval) as
    the other Directors determine where a Director performs special duties or
    otherwise performs services outside the scope of the ordinary duties of a
    Director. In addition, Directors are also entitled to be paid reasonable travelling,
    hotel and other expenses incurred by them respectively in or about the
    performance of their duties as Directors.
    The following table shows the total (and proposed) annual remuneration paid to
    both executive and non-executive directors.
    Director 2012 2013
    Jason Brewer $150,000 $150,000
    James Leahy $240,521 $72,000
    Don Turvey $756,486 $500,000
    Mike Kilbride $54,672 $135,750
    Johan Bloemsma $41,103 $71,250
    Bernard Swanepoel nil1 $67,500
    Connie Molusi $22,978 $67,500
    1 Appointed 14 May 2013.

    +
    How many of the current options are likely to be converted

    Options
    Number
    Options currently on issue:
    (Unquoted exercisable at $0.75 on or before 31 December
    2013)
    (Unquoted exercisable at $0.2216 on or before 15 May 2015)
    (Unquoted exercisable at $0.64 on or before 31 October
    2015)
    (Unquoted exercisable at $0.10 on or before 31 March 2016)
    (Unquoted exercisable at $0.368 on or before 23 August
    2016)
    11,000,000
    12,500,000
    1,627,549
    25,000,000
    13,950,893
    8
    (Unquoted exercisable at $0.20 on or before 16 July 2016)
    (Unquoted exercisable at $0.057 on or before 6 December
    2017)
    (Unquoted exercisable at $0.05382 on or before 18
    December 2017)
    Subtotal
    8,000,000
    6,000,000
    5,000,000
    83,078,442
    New Listed Options offered pursuant to the Offer
    (Quoted exercisable at $0.50 on or before 30 June 2015)
    76,278,740
    Total Options on issue after completion of the Offer 159,357,182
    The capital structure on a fully diluted basis as at the date of this Prospectus
    would be 767,182,888 Shares and on completion of the Offer would be
    843,461,628 Shares.
    +

    The company has already had a one for ten consolidation

 
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Currently unlisted public company.

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