Looks like people can't be bothered to read again.
RM gets 180,000,000 rights if resolution 6 is passed.
He gets 36m vested immediately but has to wait until the Appeal is over and a decision handed down before exercising them.
He gets the rest (144m) in 4 separate lots, the first starting in March next year and the last in March 2019. Each lot of share vesting extends over a 1 year period i.e. 1 March 2016 to 28 April 2017.
For each of these tranches of shares he has to wait 6 months from the end of the 1 year period (on each tranche) to exercise the rights.
If resolution 6 is passed he also forfeits 100,000,000 of the other performance rights issued to him at the 2013 AGM.
Therefore he would actually get 80m more performance shares than he is entitled to now, not 180m...subject to the conditions outlined above.
Add to My Watchlist
What is My Watchlist?