Loan Funded Share Plan?
From 2018 Annual Report
The Board has established a new employee incentive scheme known as the Electro Optic Systems Holdings Limited
Loan Funded Share Plan (LFSP), pursuant to which fully paid restricted ordinary shares in the Company (Shares)
are acquired by Directors and selected employees of the Company using a loan made to them by the Company.
Shareholders approved the establishment of the LFSP and the participation of directors in the LFSP at the Annual
General Meeting held on 24 April 2018. The loans are limited recourse, interest and fee free and are repayable
in full on the earlier of the termination date of the loan (5 years) or the date on which the shares are sold in
accordance with the terms of the LFSP
200,000 Shares @ $2.99 = $598,000
Loan Funded Share Plan? From 2018 Annual ReportThe Board has...
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