Vista Group International Ltd (AU:VGL) has released an update.
Vista Group International Ltd has announced the issuance of 1,320,984 Performance Rights and 150,000 Share Rights under its 2024 Long-Term Incentive and Executive Retention Schemes, respectively, aimed at motivating, rewarding, and retaining employees. The Performance Rights will vest contingent on the company meeting specific revenue and EBITDA targets over three years, while the Share Rights will vest in 2026 provided employees remain with the company. Both types of rights were issued for nil consideration and will rank equally with existing ordinary shares upon vesting.
For further insights into AU:VGL stock, check out TipRanks’ Stock Analysis page.
