Long-Term Incentive (LTI): Offer of 36,500,000 Performance Rights pursuant to the
Company’s shareholder approved Securities Incentive Plan (Plan). The Performance
Rights are subject to the following:
Performance Rights that have not been converted by 4th anniversary of
commencement of employment will expire.
Performance Conditions required to be met by 3rd anniversary of commencement of
employment.
Performance and vesting conditions are as follows:
o Hurdle 1 – 4,000,000 of the Performance Rights are subject to satisfaction of
Performance Condition 1, being the LIT share price being sustained at or above
$0.10 VWAP over a consecutive 20-day period (trading days) during the
Performance Period, and shall vest subject to the employee remaining in
employment for 12 continuous months of employment from the date of satisfaction
of Performance Condition 1;
o Hurdle 2 – 5,000,000 of the Performance Rights are subject to satisfaction of
Performance Condition 2, being the LIT share price being sustained at or above
$0.15 VWAP over a consecutive 20-day period (trading days) during the
Performance Period, and shall vest subject to the employee remaining in
employment for 12 continuous months of employment from the date of satisfaction
of Performance Condition 2;
o Hurdle 3 – 6,500,000 of the Performance Rights are subject to satisfaction of
Performance Condition 3, being the LIT share price being sustained at or above
$0.20 VWAP over a consecutive 20-day period (trading days) during the
Performance Period, and shall vest subject to the employee remaining in
employment for 12 continuous months of employment from the date of satisfaction
of Performance Condition 3;
o Hurdle 4 – 9,000,000 of the Performance Rights are subject to satisfaction of
Performance Condition 4, being the LIT share price being sustained at or above
$0.25 VWAP over a consecutive 20-day period (trading days) during the
Performance Period, and shall vest subject to the employee remaining in
employment for 12 continuous months of employment from the date of satisfaction
of Performance Condition 4;
o Hurdle 5 - 6,000,000 of the Performance Rights are subject to satisfaction of
Performance Condition 5, being Envirostream being operating cash flow positive for
a rolling 6 month period during the Performance Period, and shall vest subject to
the employee remaining in employment for 12 continuous months of employment
from the date of satisfaction of Performance Condition 5; and
o Hurdle 6 – 6,000,000 of the Performance Rights are subject to satisfaction of
Performance Condition 6, being Final Investment Decision at VSPC during the
Performance Period, and shall vest subject to the employee remaining in
employment for 12 continuous months of employment from the date of satisfaction
of Performance Condition 6.
- Forums
- ASX - By Stock
- LIT
- Ann: Initial Director's Interest Notice (S Linge)
LIT
livium ltd
Add to My Watchlist
9.09%
!
1.0¢

Ann: Initial Director's Interest Notice (S Linge), page-5
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $16.90M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $3.966K | 396.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1062786 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1381891 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 819036 | 0.010 |
30 | 7595735 | 0.009 |
46 | 18574453 | 0.008 |
18 | 10941696 | 0.007 |
7 | 5078340 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1381891 | 16 |
0.012 | 6858977 | 19 |
0.013 | 4817889 | 4 |
0.014 | 720000 | 4 |
0.015 | 897700 | 5 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
Featured News
LIT (ASX) Chart |
The Watchlist
NUZ
NEURIZON THERAPEUTICS LIMITED
Dr Michael Thurn, CEO & MD
Dr Michael Thurn
CEO & MD
SPONSORED BY The Market Online