According to the Notice of AGM documentation (page 9), 40 per cent of the proposed performance rights only vest if there is either an approved takeover by 31 Dec 2014 or a final investment decision has been made by 3 Dec 2014 (implying project finance is available for construction to proceed as per a schedule).
Does the Board know something we don't? I can't see why they would bother to include this unless they thought there was a possibility of it happening.
SDL Price at posting:
5.1¢ Sentiment: None Disclosure: Held
