They are called a loyalty option. Vest in 1 year, expire a year later and exercisable at $1.10.
They can only can be exercised by the applicant in the IPO.
They are non-transferable and won't be quoted on the ASX.
Once a share is sold the option attached to it automatically lapses, even if the application in the IPO buys it back.
An interesting take on the normal options associated with a LIC.
They are called a loyalty option. Vest in 1 year, expire a year...
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Change
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Mkt cap ! $24.32M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1762 | 91.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 92.5¢ | 6724 | 2 |
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