Ann: SFG Demerger Letter to Optionholders, page-7

You could have saved me the effort and replied to Stash's question.

As for potential buyers, that will be interesting to see how that is addressed as there are a number of paths they could take. Time will tell but in the meantime the shares to be issued in CO2 can't go anyway as they are untradeable unless the company does a buyback or they be gifted to a charity for a tax loss.

I am not 100% but I think unless the company proposes and gets approved for a proportional takeover provision to be included as part of its Constitution the buyer cant cherry pick what and who it acquires shares from which means they will need to either make an offer for the business or inject equity in the business and take the current shareholders with them, which also will need to be voted on.