eagle bay options better leverage, page-4

Dolphin58,

I think it’s 1 EBRO = 1 EBR + 1 EBROA as per EBR’s non-renounceable pro-rata issue in Feb’05 as follows.

“1 option will entitle the holder to subscribe for 1 fully paid ordinary share for every
option upon payment of 12 cents per share on or before 31 March 2006. Upon
exercise of this option the holder would be issued a free option that will entitle the
holder to subscribe for one fully paid share upon payment of 15 cents per share on
or before 30 June 2009.”

EBRO 12c 31 Mar 2006
EBROA 15c Jun 2009

Hope that helps,
Mensa.