What is a company option?
A company option is a financial contract giving buyers the right, but not the obligation, to buy a specific number of new shares at a predetermined exercise price (sometimes referred to as a ‘strike price’) before the expiration date.
Company options are sometimes listed on the ASX. When this happens, you can buy options or sell your existing options on the market.
How can I exercise my company options?
If you hold options, requests to exercise your options can be submitted through our Options Exercise Submission Form.
Requests must be submitted up to 3 business days before the option expiry date.
Please note: your application will only proceed if you have sufficient funds in your Superhero Wallet at the time you submit an exercise request.
When will my shares arrive?
Standard processing time by the share registry to issue the underlying security can take up to 3 weeks from the time Superhero submits your application to the share registry.
Additional registry processing times may further affect the actual issue date of shares.
Why was my option exercise request rejected?
Your application may be rejected if the current price of the share is trading at a value that is lower than the exercise price of the option.
If the options had been exercised, it would result in a capital loss for your holdings.