Monday 9th October 2023 |
Text too small? |
New Zealand King Salmon Investments Ltd (NZX & ASX: NZK) announces that the put option granted to Grant Rosewarne will remain available for exercise until 28 February 2024.
NZK announced on 1 November 2022 that, in connection with Mr Rosewarne’s resignation, the company had agreed to grant Mr Rosewarne a put option in connection with certain long term incentive plans for the purpose of repaying a loan owed by Mr Rosewarne to the company in relation to the acquisition of certain shares held by a family trust associated by Mr Rosewarne. The put option was initially approved for a 12 month period.
As the put option has not been exercised within 12 months of 1 November 2022, a further disclosure document for the purposes of section 61 of the Companies Act 1993 to facilitate the exercise of the put option on the terms disclosed on 1 November 2022 accompanies this announcement and will be sent to all shareholders shortly.
Authorised by:
Board of Directors of New Zealand King Salmon Investments Ltd
Ends
No comments yet
Deposit scheme reduces risk, boosts trust - General Finance
May 12th Morning Report
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO