Hey @nytryda couldn't see anyone give you a direct answer so hope this helps.
Without knowing who these were issued to, I will assume management. The 'redemption' (or, buy back) essentially let's the company buy back the performance shares 'automatically' for an amount of consideration that is as good as nothing if management fail to achieve the performance milestones. This is pretty common in various forms with startups, management incentives etc. The redemption/buyback component is important to satisfy corporations act requirements surrounding share buy backs.
So if you are looking at this to calculate the fully diluted position, you can make an assessment about weather you think management will achieve their milestones or not, and as a result where you should strike out the performance shares from the fully diluted capital structure (because at present they are already issued and part of the issued capital, which is the opposite to management options).
Hope this is helpful
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