Jackpot,page 15 of the Notice of General Meeting 3.2 (b) give the benefit within 15 months following such approval
(the benefit being the loan and shares). The repayment time for the loan is 4 years. But if they repay the loan within a month of issue then they can trade the shares immediately. So what makes you think that the shares will be issued over 3 years and so no immediate dilution?
Also note, page 18 (s) if the Director Plan Shares are not issued to the Participating Directors, the Company could remunerate the Directors for additional amounts or issue alternative equity securities to Directors.
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