Tower Australia Group Limited (TAL.AX)

[tsb]

options are out - they seem to have done rather well:-
TOWER AUSTRALIA GROUP LIMITED OPTIONS SCHEDULE – 13 March 2007
Number of Exercise Price Exercise Period
Options
1 1,438,045 A$0.794 1 April 2007 – 31 March 2010
2 2,577,533 A$1.21 9 August 2008 – 9 August 2011
3 654,750 A$1.21 9 August 2009 – 9 August 2012
4(1) 5,820,000 A$1.45 5 April 2009 – 5 April 2012
5(2) 4,000,000 A$1.88 21 November 2009 – 20 November 2012
6(2) 4,900,000 A$2.93 23 February 2010 – 22 February 2013
19,390,328
(1) The options at 4 above will only vest if the market price of shares in TOWER
Australia Group Limited on ASX at the close of trading on 3 April 2009 is at least
$1.93.
(2) The options at 5 and 6 above will only vest as follows:
If the three year straight line progressive growth in TOWER Australia Group
Limited’s operating profit for the period up to 21 November 2009, from a starting
point of A$33,000,000 is:
(a) 100% or more then all of the options will vest;
(b) 30% then 25% of the options will vest and the remaining options will lapse
immediately:
(c) more than 30% but less than 10% then that number of options calculated
pro rata against the number of options in (a) and (b) will vest and the
remaining options will lapse immediately: or
(d) less than 30% then all the options will lapse immediately.

[whatsup]

Where/how can these options be obtained?

[tsb]

I guess you just need to be a man-a-ger at Tal

[Taijon]

Anyone else watching this share? Its come down from its highs of over $3 and seems to be slipping by the day - currently $2.36. Whats going on: the GPG boys won't be too pleased.

[Snow Leopard]

I have a few of these, and I am not unduly worried. Indeed when the slide ends I may well buy the ones that I did not get when I sold my rights last year.

[airedale]

The insurance sector is generally doing well. TAL should eventually catch up. It still remains a takeover prospect.I agree with PT and will watch the chart to pick up some more.

[ScrappyO]

It went up pretty quickly after the split, I think its just people taking profit. I cant see any other reason for it. I would like to think it is over sold at 2.40.

Disc Hold

[whatsup]

I received in todays(other s/holders will no doubt receive the same ) a buy offer from some Colonial Capital Corp out fit offering to buy my TAL shares at NZ $ 1.75 when they are selling in Aust at $2.44 , some suckers will fall for this SCAM ,my advice is to bin it pronto, cheap sods didnt put a replyed post on the envelope !!!!!

[Halebop]

The infamous David Tweed is the sole director of Colonial Capital Corporation Limited, registered at Level 2, 6 Clayton Street, Newmarket

[OldRider]

I noticed no reply paid envelope as well, last time I used it with a short message, perhaps too many others did the same.

I suggest this time we do the same without putting a stamp on, might then cost him even more.