RE: RNS4 Aug 2023 10:02
@ MAX How about you answering a question Max ?
Explain this for me
As part of Troy Whittaker's contract, the Company has agreed to issue him with the following Performance Rights.
A. The Employee will be issued the Executive Performance Incentives (Performance Rights, being fully paid ordinary shares in the Company) with the following vesting conditions:
1. 15,000,000 Performance Rights vesting on:
a. The volume weighted share price being greater than £0.01p over 30 consecutive days in which trading in the Company's securities occurred.
2. 20,000,000 Performance Rights vesting on:
a. The volume weighted share price being greater than £0.015 over 30 consecutive days in which trading in the Company's securities occurred.
3. 25,000,000 Performance Rights vesting on:
a. The volume weighted share price being greater than £0.02 over 30 consecutive days in which trading in the Company's securities occurred.
4. 40,000,000 Performance Rights vesting on:
a. The volume weighted share price being greater than £0.025 over 30 consecutive days in which trading in the Company's securities occurred.