Ann: Titomic CEO Jim Simpson appointed as Managing Director, page-4

Interesting long term incentive package for Jim, particularly the way it's worded.

"Share Price equal to final issue price of the next equity issue plus 25%,50% & 150% have been met and maintained (based on 15 day VWAP)."

So we can expect another equity raise, but when and at what price I wonder?

Anyone have any thoughts on this?

See Extract below:

Long Term Incentive (LTI)
The LTI is an equity-based incentive under which Mr. Simpson will be entitled
to 30,000,000 options over the initial three-year term (Options). 5,000,000
of the Options will be granted immediately but will only vest after completion
of 12 months of service. The options shall have a strike price of $0 and shall
expire seven (7) years after granting if not exercised.
Thereafter, 5,000,000 Options will be granted on 11 October 2025 assuming
Mr. Simpson is still employed and the Titomic stock price achieves a targeted
Share Price equal to final issue price of the next equity issue plus 25%, have
been met and maintained (based on 15 day VWAP). The options shall have a
strike price of $0 and shall expire seven (7) years after granting if not
exercised
An additional 10,000,000 Options will be granted on 11 October 2026
assuming Mr. Simpson is still employed and the Titomic stock price achieves a
targeted Share Price equal to final issue price of the next equity issue plus
50%, have been met and maintained (based on 15 day VWAP). The options
shall have a strike price of $0 and shall expire seven (7) years after granting
if not exercised.
An additional 10,000,000 Options will be granted on 11 October 2027
assuming Mr. Simpson is still employed and the Titomic stock price achieves a
targeted Share Price equal to final issue price of the next equity issue plus
150%, have been met and maintained (based on 15 day VWAP). The options
shall have a strike price of $0 and shall expire seven (7) years after granting
if not exercised