Ann: VIT enters into Scheme Implementation Deed-VIT.AX, page-130

Look like management are going to hit pay day here.
One footnote on page 3 of the announcement refers to receipt of management shares in a new Hong subsidiary of the acquirer as well as equity incentive scheme participation.

So management have a lot to gain here.

However, there are large institutional holders that will ultimately decide if the scheme gets up.

The main holders in the company stock:
BT Investment Management 9.87%
Colonial 5.1%
AMP 4.9%
Ellerston 4.8%
Perennial 4.6%
Altair Funds Management

Next Capital who has non-executive board representation, via Sandy Lockhart, hold 15.3% and as noted, they are in favour of the deal.

It looks like a pretty low deal price given the price at the IPO and the solid growth of the business but it'll probably get up as the documents note that there were no other discusssions with interested parties and there is an exclusivity/no-shop period.