From what I can see on the appendix 3b statements, there are also many unlisted options some as low as 20 cents. Also tons of performance rights parcels, a lot of which have already converted. Understand that performance rights are a good way to motivate management but when you look into the detail, if you add up all the PR's & options, there are more than there were shares issue in the IPO.
RCL Full Year Results, page-5
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