2. The company provides options issued by companies whose options are unissued shares. They will have subscription price and expiration date. For example, XYZ25c will expire on June 30, 2002, and can be listed in ASX before that. If the stock price exceeds the subscription price at maturity, the option holder will exercise his option by paying the subscription price, and when the option is issued in the company as a new share, he will enjoy the same treatment as other ordinary shares. Company option is a way for the company to raise additional capital at some future time (validity period), but this does not guarantee that the stock price will definitely exceed the option subscription price at that time. Company options are also used as employee incentives and can be linked to performance, but these stocks cannot be listed in ASX.