UNI universal store holdings limited

vote "no" for options, or?, page-2

  1. 817 Posts.
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    Leopold, I agree with your sentiment.

    Looking at the SPP documentation, this is what I can gather.

    Resolution 1 (placement of 17 mil ordinary shares) & resolution 2 (10 mil options) are inter-dependant. It appears that if the options are voted down, so too might the share placement.

    However, resolution 3 which relates to another 8.5 mil options & resolution 4 (3 mil broker options) don't appear to have any impact on the issue of the ordinary shares to sophisticated/institutional investors.

    Feel free to correct me if I have made a mistake in interpretation.

    Cheers
 
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