NWE 0.00% 5.6¢ norwest energy nl

Ann: Change of Director's Interest Notice, page-16

  1. 315 Posts.
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    You're definitely correct in your thinking in that they do vest immediately on a change of control event as per the clause, and I won't disagree with you that it could certainly be perceived that the hypothetical director in question could be swayed a certain way based off how these performance rights are granted. But from a directors perspective, It's usually seen as a defensive mechanism to protect their performance rights if an unforeseen TO comes in from a hostile or ill-intentioned bidder prior to them being able to vest naturally via the other clauses.

    Definitely two ways of looking at it


    Edit; Reply button didn't work, this was for you @SomeCents
    Last edited by bevans: 22/02/23
 
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