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WT Financial Group Ltd. ( (AU:WTL) ) has shared an announcement.
WT Financial Group Limited has announced the issuance of up to 4,500,000 performance rights to its managing director, Keith Cullen, as part of the company’s Equity Incentive Plan. This move, subject to shareholder approval, aims to reward and retain Mr. Cullen, aligning his interests with the company’s long-term goals. The issuance of these rights will not alter Mr. Cullen’s current undiluted beneficial interest in the company, which remains at 10.48%. The performance rights are contingent upon meeting specific performance hurdles and service conditions, reflecting the company’s commitment to incentivizing leadership performance.
More about WT Financial Group Ltd.
WT Financial Group Limited operates in the financial services industry, focusing on providing equity incentives and financial benefits to its senior managers, employees, contractors, and consultants. The company is listed on the Australian Securities Exchange (ASX) under the ticker WTL.
YTD Price Performance: 25.00%
Average Trading Volume: 175,589
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$37.64M
Learn more about WTL stock on TipRanks’ Stock Analysis page.