Sharechat Logo

TradeWindow Issues Share Options to Independent Directors

Thursday 15th September 2022

Text too small?

Auckland, NZ. TradeWindow (NZX: TWL ) is issuing 300,000 options (Options) to the three Independent Directors of TradeWindow, being Alasdair MacLeod, Diana Puketapu and Philip Norman, as approved by resolution at the Annual General Meeting of Shareholders held online on 14 September 2022. The issue of the Options is to occur today (15 September 2022).

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 today (15 September 2022) but with an effective date of 14 September 2022 (Effective Date), with a nil exercise price and will vest in the following tranches:

• 2/3 of options vest on 30 September 2023

• 1/3 of options vest on 30 September 2024

The issue price for the Options is the VWAP of TradeWindow Shares over the 20 Business Day period prior to the Effective Date, subject to a floor price of NZ$0.70 per share.

TradeWindow considers that issuing the Options to the Independent Directors will assist in aligning incentives with those of the shareholders of TradeWindow and in encouraging those directors to pursue long term value creation for the Company.

Following the issue of the Options the total number of shares, live options, and deferred share rights is:

Ordinary Shares: 100,804,700

Options: 1,537,238

ENDS

Capital Change Notice



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

POT Financial Results for the year to 30 June 2025
MOVE FY25 Results for the year ended 30 June 2025
BPG - Completion of Retail Offer
Comvita releases results for the year ended 30 June 2025
August 29th Morning Report
Air New Zealand announces 2025 financial result
August 28th Morning Report
VSL - 2025 date of Annual Meeting of shareholders
WIN - Winton announces FY25 Annual Results
Meridian Energy Limited 2025 Full Year Financial Results