I do not see a problem here. Issuing shares to employees in this way is normal practice. In principle employees having equity in the company is a good thing ie an incentive which aligns company and employee interests. The key question with any such share issues is the performance bars which have to be met to become eligible.
Ann: Proposed issue of Securities - XTE, page-3
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.42M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $1.46K | 9.127K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61758 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 70500 | 2 |
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| Last trade - 15.34pm 08/11/2024 (20 minute delay) ? |
| HCL (ASX) Chart |