Hi killa, under the creep provisions I believe they can add 3% every 6 months.
Also, not sure, but they can probably just buy the options as not included in the share percentage limit? nor is it disclosed in any substantial holder notice until they are actually converted into shares. So if they want to, that's a couple of ways they can possibly increase their holdings.
Not sure what the rules are if when they convert options it takes them over the takeover threshold, do they just need to make a statement that they are not intending to takeover or would they have to reduce their holding. Anyone know?
Thanks
HGO Price at posting:
7.9¢ Sentiment: None Disclosure: Held