- Release Date: 01/08/12 14:36
- Summary: GENERAL: GFL: GFNZ Grp Allocates Share Options to Key Executive
- Price Sensitive: No
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GFL 01/08/2012 12:36 GENERAL REL: 1236 HRS GFNZ Group Limited GENERAL: GFL: GFNZ Grp Allocates Share Options to Key Executive Release 1 August 2012 GFNZ GROUP LIMITED ALLOCATES SHARE OPTIONS TO KEY EXECUTIVE The Board of NZAX-listed auto loan provider GFNZ Group Ltd (GFNZ) yesterday allocated share options to key executive staff under the "Executive Share Option Plan". This allocation was approved by shareholders at the 30 August 2011 Annual General Meeting. The key terms of the options issued being: oThe options allow the holder to acquire 1 share in GFNZ Ltd at 5.00 cents per share. oThe term of the options are three years from the date of issue (31st July 2012) oThe options confer no voting rights or dividend rights until converted to shares. oThe options (unless already exercised) will be forfeited if the employee ceases to be employed by the GFNZ. Under this allotment, 12,500,000 options were issued including 9,000,000 to the Managing Director, David O'Connell End CA:00225545 For:GFL Type:GENERAL Time:2012-08-01 12:36:14
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