Notice of Exercise​

Once the notice is submitted, it usually triggers a series of administrative processes, including adjusting the company's share register and processing any financial transactions related to the exercise. The notice may include details such as the number of shares to be purchased, the exercise price, and any payment methods or instructions.

By exercising their options, the holder becomes a shareholder and gains any associated rights or benefits, such as voting rights and dividends. It's crucial for the option holder to understand the terms and conditions specified in the original option agreement to ensure a smooth and effective exercise process.