A. PIQO Options provide the right to purchase a single fully paid ordinary share in Proteomics International Laboratories Ltd (Proteomics International) at a fixed exercise price regardless of the current share price, even if the current share price is higher than the exercise price.
Q. What is the Option exercise price?
A. The exercise price is $0.20 per Option.
Q. Will the Options expire?
A. The Options will expire at 5:00pm WST on 31 March 2018 (Expiry Date).
Q. What can I do with the Options?
A. Exercise all or some of the options. Documentation and payment must be received no later than 5:00 pm WST on 31 March 2018.
Sell your options. The last date for quotation of the PIQO Options will be 23 March 2018.
Do nothing. If action is not taken to exercise the PIQO Options prior to 31 March 2018, the options will expire and the right to purchase shares at $0.20 will lapse.
Q. Who receives the funds from exercising the Options?
A. Funds raised from the conversion of PIQO Options will be received directly by Proteomics International and will support the Company’s ongoing growth.
Q. What is the benefit of an Option Holder exercising their Options early?
A. By exercising your Options early you provide the Company with immediate funds to continue to pursue its growth plans. Since the Options expire over the Easter holidays early action helps ensure cleared funds are received in time.
Q. How do I exercise PIQO Options?
A. PIQO Options may be exercised by the Option Holder by completing the Notice of Exercise of Optionsand forwarding it to the Company’s share registry:
Security Transfer Registrars Pty Ltd
PO Box 535
APPLECROSS WA 6953
The Notice of Exercise of Options must be completed, signed and accompanied by payment in full for the relevant number of PIQO Options being converted into PIQ Shares.
Q. When do I receive the shares?
A. The Company will issue Shares upon conversion of PIQO Options within 14 business days of the date that an Option Holder properly exercises their PIQO Options.