Chappychap, you are wrong on several respects!

It's not only the difference between options and shares that andech1 pointed out – and it is very hard to understand (to say the least) how this could be an oversight.

It is also the intention of the SRP, which has also been discussed here: It is not intended to be a poison pill to counter any takeover, but only to counter a hostile takeover. So, yes, manament could decide to waive section 4.1 of the SRP, but that's intentional right from the start.

You also said that "if they put SRP up for vote at AGM they could just vote it down". Assuming you mean management with "they": no, they couldn't. It's the shareholders who vote, and they could vote it down, up, or elsewhere, if they decide to do so with the majority of shares. And of course directors and executives could also vote with their own shares. That's what an AGM is about. However, please note that only shares are eligible for voting, options are not.

By the way, I decided to not remove your post or andech1's response, because this discussion might be insightful for others.