RE: In the lead up to the ASX cross listing..11 Feb 2025 15:09
So lots of share options issued to the BOD and staff at various prices, however, the majority are at 11.9pence a share.
So the staff need to pay GGP 11.9pence in cash to acquire their share options, which they will sell on market. So they are incentivised to get the share price WELL ABOVE 11.9p. Hopefully double that price and beyond.
Page 503 -- "As at 31 December 2023 and as at the Latest Practicable Date, the Company had and has 235,000,000 Greatland Director Options, in aggregate, on issue. The options are exercisable at 11.9 pence per Ordinary Share, are fully vested and exercisable and expire on 31 August 2026."
Page 513 -- "The expiry date of the Greatland Retention Rights which have a 0.1 pence exercise price is 19 September 2033 and the expiry date of the Greatland Retention Rights which have a 11.9 pence exercise price is 31 August 2026."
"As at 31 December 2023 and as at the Latest Practicable Date, the Company had and has 289,800,000 Greatland Retention Rights on issue, comprising:
• 27,100,000 Greatland Retention Rights with an exercise price of 0.1 pence per Ordinary Share; and
• 262,700,000 Greatland Retention Rights with an exercise price of 11.9 pence per Ordinary Share."