- Release Date: 12/11/14 12:31
- Summary: GENERAL: SDL: Solution Dynamics Employee Share Option Plan
- Price Sensitive: No
- Download Document 1.01KB
SDL 12/11/2014 12:31 GENERAL REL: 1231 HRS Solution Dynamics Limited GENERAL: SDL: Solution Dynamics Employee Share Option Plan Effective 12 November 2014 Solution Dynamics Limited (SDL) has issued 140,000 share options to Nelson Siva, SDL's Managing Director. The NZAX Listing Rules require that director participation in the ESOP must have prior shareholder approval, consequently approval was sought and received from shareholders at SDL's annual meeting held on 23 October 2014. As previously advised the options have been issued on the same terms as the 415,000 share options issued to six key staff members on 20 March 2014. That is, an exercise price of $0.375 per share and they may be exercised by the participant (in whole or part) from 20 March 2017. Nelson Siva has 18-months from the date of eligibility in which to exercise the options and he must be employed by SDL at the date the option is exercised. John McMahon Chairman +61-410-411-806 End CA:00257554 For:SDL Type:GENERAL Time:2014-11-12 12:31:50
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- Ann: GENERAL: SDL: Solution Dynamics Employee Share Option Plan
Ann: GENERAL: SDL: Solution Dynamics Employee Share Option Plan
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