RE: LTIP24 Mar 2023 10:39
"10% of the current issued ordinary share capital, all current outstanding warrants in the Company and any additional warrants which the Company may issue prior to the formal implementation of the LTIP."
So, "prior to".
"Following the formal grant, these Options will vest over a three-year period commencing 1 January 2023 and ending on 31 December 2025"
Well, as they were supposed to start on the 1st of January I guess they thought they would have had the Astra deal wrapped up by then. But then they posponed that didn't they.
"...the proposed debt financing is now expected to close in Q1 2023"
Best get a wiggle on for that deadline.
Oh, wait... "expected", "proposed". It's okay, they have it covered. lol
Sooo, getting to the point. :) Will they have to re-issue a new LTIP with new numbers and dates?
Once the Astra deal is done, that is. Or someone else, given the time it's taking to sign the term sheet with them.