1 bonus option for every 2 ASC shares held as at 5 p.m. WST on Friday, May 14, 2004. Each option gives the holder the right to subscribe for 1 share in the company at an exercise price of 10c each on or before June 30, 2006.
Source: ASX Company Announcements May 5.
As this would increase the number of shares on offer, would this dilute the share price? Comments appreciated.
Regards Ron.