TradeWindow Issues Employee Share Options

TradeWindow Issues Employee Share Options

12 September

Auckland, NZ. TradeWindow (NZX: TWL) is issuing 1,237,238 options (Options) to senior managers and other eligible staff of TradeWindow under the Company's Employee Share Option Plan (ESOP).

Each Option will, upon vesting and exercise of the Option, entitle the holder to one ordinary share in the Company. The Options will be issued on 12 September 2022, with an effective date of 31 July 2022 (Effective Date) and will vest on 01 July 2025 (Vesting Date) with a nil exercise price as set out in the ESOP rules.

Options for senior managers who receive the options as part of the Company’s Long Term Incentive plan (LTI) are subject to a hurdle rate of 17.5% per annum growth in the share price. The issue price for the Options is $0.74 per share (being the share price at the Effective Date).

Following the issue of the Options the total number of shares, live options, deferred share rights is:
Ordinary Shares: 100,804,700
Options: 1,237,238

Copies of the ESOS Rules are available on the Company’s website.

ENDS

About TradeWindow:
Founded in December 2018, TradeWindow is an NZX-listed software company that provides digital solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive digital trade platform that enables customers to more efficiently run their back-end operations, share information and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping lines, banks, insurance companies, and government authorities.
www.tradewindow.io

Further information:
Piet de Jong, for TradeWindow communications
[email protected], +64 21 812 766

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Announcement PDF