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09:25
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Originally posted by singe
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Hi joe2013 , thanks for your response its a good description, what do you think of the response from John as the covid 19 has stopped alot of business, It might be possible for an extension,?? Extending the expiry date or otherwise modifying the exiting options is probably not a realistic alternative given limitations under the ASX Listing Rules The ASX Listing Rules expressly prohibit an extension to the expiry date of listed options. The relevant section is Rule 6.23.3, which is re-produced below: 6.23.3 A change which has the effect of reducing the exercise price, increasing the period for exercise or increasing the number of securities received on exercise cannot be made. We will liaise with the ASX to see if there is any potential to vary this rule given the market disruption caused by COVID-19. Regards John Prineas Executive Chairman
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as discussed before on this subject they can re-issue the oppies with an extended expiry date for a nominal cost of say .001 as other company's have done this i.e BRK weather the currant one's can be expended due to COVID-19 is up to the ASX. either way drill and find the beast before September and all the above will be irrelevant .
(20min delay)