20,000,000 unlisted options were issued to Investec Bank Limited, exercisable at ZAR1.32 on or before 21 October 2018. All of the Options will vest on issue. 10,575,000 unlisted options were issued to Mr David Brown, the Chief Executive Officer and Executive Director of the Company pursuant to the terms and conditions of the CompanyÂ’s Employee Share Option Plan. 3,525,000 of these options will become exercisable on each of 1 February 2015, 1 February 2016 and 1 February 2017 at an exercise price of ZAR1.2, ZAR1.32 and ZAR1.45 respectively. All of the options expire on 1 February 2019. I see what you saying so its guaranteed to reach R1.45 at least.
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