I think resolution 4 warrants just as much attention, if not...

I think resolution 4 warrants just as much attention, if not more.

See Annexure C of http://www.asx.com.au/asxpdf/20130301/pdf/42ddv1fvb3jkzg.pdf

Upto 5% of shares on issue can be issued to ESP and directors can be deemed an eligible employee ...

Point 1 - "An Eligible employee is a full or part-time employee or Director of the Company or a related body corporate".

Currently 520m shares on issue, so 5% limit would mean upto 26m shares could be made available to ESP.

And under Point 7 it also contains some further wriggle room

"Various excluded offers may be disregarded so as to not count for the 5% limit".

It's all a bit one way really.