Recent Long Term Incentive Plan (LTIP) (Management incentives) have been stated.
The lower tier incentive is for 11,400,000 shares with last date 30 September 2025 for:
At least $2m operating cash-flow as well an EBITDA annual run rate of at least $6m for any six-month period during FY25; or 2) a VWAP of $0.25 over any 20 consecutive trading days ending on or before 30 June 2025.
Importantly, 41,957,500 were cancelled from previous unmet LTIP.
Interestingly, shares are up ~ 11.1 - 16.6% since the announcement.
Tranche 2, and 3 is upon meeting shareprice VWAP of $0.33 and $0.40; respectively (or EBITDA etc)
Very interesting times!! Discuss
BET Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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