I reckon they're discounting the SP a fair bit. I gues they want 100% of their entitlement
Performance Period 33.33% of the performance rights vest if the VWAP for the Shares is equal to or greater than 66.67% of the performance rights vest if the VWAP for the Shares is equal to or greater than 100% of the performance rights vest if the VWAP for the Shares is equal to or greater than Last 15 trading days in July 2010 45 53 60 Last 15 trading days in July 2011 53 60 70 Last 15 trading days in July 2012 60 70 80 Last 15 trading days in July 2013 70 80 90
ADI Price at posting:
17.0¢ Sentiment: None Disclosure: Held