The exercise of the options could signal a positive for the share, as the Admission Document contains the following at para 11.6.9:
"On a sale of at least 66 per cent. of the shares in nominal value of the Ordinary Shares or a sale of the whole or substantially the whole of the Company’s undertaking, business and assets during the option period, the Company agrees to use all reasonable endeavours to procure that the option holder will have an adequate opportunity to exercise the option before the sale is completed or convert the option to options of a similar value and on similar terms in the acquirer for the unexpired term of the option period."
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