Tranche 3 are not subject to any vesting conditions and vest immediately on issue
The following table lists the inputs to the model used for valuation of options:
(iv) 19 million unlisted options
On 17 September 2014, 19 million unlisted options were issued in tranches of 9.5 million
to Directors (and a past director) for their services to the Company.
These options expired on 30 June 2017.
(v) 20.5 million unlisted options
Following shareholder approval on 22 November 2017, 20.5m unlisted options were issued to employees subject
to the following terms and conditions:
The following milestones are also applied to tranches 1 and 2 above:
Notes to the Financial Statements
| Annual Report 2018