Plexure Group Issues Options and Restricted Share Units

SECISSUE
Fri, Apr 29 2022 04:27 pm

Plexure Group Limited (PX1) are today issuing 161,397 Restricted Share Units (RSUs) and 198,102 share options to senior managers and staff.

The RSUs are issued to senior managers and staff and will vest in equal tranches on 28 April 2023, 2024 and 2025, if performance incentive targets are met and participants remain employed by the company. Participants will not be required to pay a cash amount on exercise as the RSUs are in recognition of meeting performance incentives.

The share options are issued under the company's Employee Share Option Scheme (ESOS). Options vest in three equal tranches on the 12, 24 and 36 month anniversary of the grant date and upon exercise participants can elect to pay the exercise price of 16.01 cents per share or the cashless exercise as set out in the scheme rules. The exercise price of 16.01 cents per share, being a 50% discount on the 20-day volume weighted average price (VWAP) as at 1 April 2022 of 32.03 cents per share.

Following the issue of the RSUs and Options the total number of shares, live options, deferred share rights and RSUs is:
Ordinary Shares 353,582,379
Options 4,606,437
Deferred Share Rights 20,020,965
Restricted Share Units 3,819,699

Copies of the RSU Scheme Rules and the modified ESOS Rules are available on Plexure's website at www.plexure.com/investors/#policies

For more information please contact:
Andre Gaylard
Chief Financial Officer
Mobile: +64 21 288 3355
Email: [email protected]


Announcement PDF


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