OGA 1.12% 9.0¢ ocean grown abalone limited

Ann: Half Yearly Report and Accounts, page-14

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  1. 28 Posts.
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    No not really, they are all growth based incentives, CEO's 3 tranche performance shares have been clear from the start. Softish target sure, but ensure company is growing in right direction early stage. Also they are a one off incentive on a renewable resource.
    Class A 4m if deployed 5000 abitats on Flinders2
    Class B 4m if 100T in calander yr by Nov2019
    Calss C 4m if 5000 abitats in South Australia by Nov 2022
    I also liked the repricing of these 
    On 1 August 2017, in anticipation of a proposed ASX listing, the existing 7,633,125 adviser options, each with an exercise price of $0.26 and expiry date of 28 December 2020, were cancelled and replaced with 8,807,452 new options, each with an exercise price of 30 cents and an expiry date of 28 December 2020. The increased number of options being in proportion to the 30/26 increase in the exercise price.
 
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Currently unlisted public company.

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