HTG 12.5% 1.8¢ harvest technology group ltd

Ann: Vessel Redelivery Shines Spotlight on Technology, page-71

  1. 5,617 Posts.
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    Hey Hingdog,

    Taking this into account as well as completion of the long-term charter of the Shine and 'retirement' of associated revenues, the vesting conditions for the remaining HTGAF Performance Rights speak to confidence as well:

    25 Million Tranche 2 performance rights will vest upon Harvest Technology Pty Ltd achieving $20,000,000 in revenue in one calendar year within three years of the acquisition of Harvest, being 26 April 2022.

    30 Million Tranche 3 performance rights will vest upon Harvest Technology Pty Ltd achieving $30,000,000 in revenue in one calendar year within four years of the acquisition of Harvest, being 26 April 2023.


    25 Million Tranche 1 performance rights have already vested when HTG achieved $10,000,000 in revenue in one calendar year within two years of the acquisition of Harvest, being 26 April 2021.
 
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