RE: Director Options30 Jun 2025 08:19
Section 11 of the Prospectus:
(3) Shaun Day’s GGP Options comprise two tranches: 5,000,000 GGP Managing Director Options exercisable at GBP0.25 per GGP Share; and 7,300,000
GGP Incentive Securities exercisable at GBP0.001 per GGP Share. Shaun Day’s Greatland Options after Admission will comprise two tranches: 250,000
Greatland Managing Director Options exercisable at the AUD equivalent of GBP5.00 per Greatland Share (refer Section 11.7(a)); and 365,000 Greatland
Employee Options exercisable at the AUD equivalent of GBP0.02 per Greatland Share (refer Section 12.3) (AUD equivalents being converted at the
prevailing exchange rate prior to the UK Scheme Effective Date).
(4) Simon Tyrrell and Matt Kwan each hold 4,000,000 GGP Options exercisable at GBP0.001 per GGP Share. After Admission they will each hold 200,000
Greatland Employee Options exercisable at the AUD equivalent of GBP0.02 per Greatland Share (AUD equivalent being converted at the prevailing
exchange rate prior to the UK Scheme Effective Date). The Greatland Options to be issued to Simon Tyrrell and Matt Kwan are Greatland Employee
Options as described in Section 12.3. As a result of the Acquisition, unless a waiver is obtained from Mr Tyrrell, the exercise restriction in respect of his
4,000,000 GGP Options will be considered to have been lifted and his 2,310,376 FY23 GGP Performance Rights will be considered to have vested.
(5) Rowan Krasnoff holds 3,000,000 GGP Options exercisable at GBP0.001 per GGP Share. After Admission he will hold 150,000 Greatland Employee
Options exercisable at the AUD equivalent of GBP0.02 per Greatland Share (AUD equivalent being converted at the prevailing exchange rate prior to the
UK Scheme Effective Date). The Greatland Options to be issued to Rowan Krasnoff are Greatland Employee Options as described in Section 12.3.
(6) Each of Monique Connolly and Damien Stephens holds 1,750,000 GGP Options exercisable at GBP0.001 per GGP Share. After Admission they will each
hold 87,500 Greatland Employee Options exercisable at the AUD equivalent of GBP0.02 per Greatland Share (AUD equivalent being converted at the
prevailing exchange rate prior to the UK Scheme Effective Date). The Greatland Options to be issued to Monique Connolly and Damien Stephens are
Greatland Employee Options as described in Section 12.3.
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