Vesting and exercise of performance rights On 20 September 2012 the Company advised that pursuant to the terms of the Exco Resources Ltd - Long Term Incentive Awards - 2012 Plan, the Board had exercised its discretion to accelerate the vesting of 11,200,000 employee and contractor performance rights following receipt of the unsolicited takeover offer from WHSP, so that all of the performance rights vested and became exercisable from 31 August 2012. Furthermore the board announced that all performance rights issued under the Plan had been exercised and pursuant to the terms of the Plan the board had resolved to issue 11,200,000 ordinary shares in the Company to the Eligible Participants and Eligible Nominees at a nil exercise price. Following exercise of these performance rights the Company has no further performance rights on issue.
EXS Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
