The options are not listed, that is, you can't trade them. If SEG's share price rises above 1 cent by the exercise date 1 July 2017, then you should exercise your options at 1 cent each as everything above 1 cent in the value of SEG shares will be profit for you. The company will send you a form to exercise your options closer to the exercise date of 1 July 2017 so make sure you keep your address up to date particularly if you're living overseas. They may also put the exercise form up on their website somewhere.
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