The new MD certainly knows what he needs to achieve ! A side effect - shareholder value!
10,000,000 (Full Time) unlisted Performance Options (Zero Priced Options) issued in three tranches (21%, 37% and 42%)with vesting dependent upon the satisfaction of specific performance hurdles, including increasing the Company’s share price, achieving certain Mineral Resource milestones and within a two year measurement period ending 11 January 2023.o During the Initial Engagement, the vesting of the Performance Options will be pro-rata of the Full Time allocation. This means the base Performance Options issued per hurdle will be 6,000,000 x the tranche percentage at that hurdle. Performance Options will otherwise be issued on terms and conditions in accordance with the Incentive Plan Rules (including that the Performance Options will lapse if the Executive ceases to be an ‘Eligible Participant’ under the Incentive Plan Rules).Issues are subject to shareholder approval.
HLX Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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