Lapse of SAR LTI Plan and Establishment of STI Plan
3750357 v1
9 May 2019
NZX Release
Lapse of SAR Long Term Incentive Plan and Establishment of CEO Short Term Incentive
Plan
AWF Madison Group Limited ("AWF Madison") (NZX: AWF) today announces the lapse of
2,000,000 stock appreciation rights issued to its CEO, Simon Bennett, pursuant to the AWF
Madison SAR Long Term Incentive Plan ("Plan"). There are no outstanding stock appreciation
rights on issue under the Plan.
AWF Madison also announces the establishment of a new short term incentive plan for its CEO
("STI Plan").
Under the STI Plan, the CEO is offered an option to acquire ordinary shares of AWF Madison, if
the targeted share price is met. The CEO may exercise the option at least 30 days post the
release of AWF Madison's results for the financial year ending 2020 and before 31 December
2020.
The CEO must still be employed by AWF Madison on 31 March 2020 to exercise the option.
Upon exercise, ordinary shares in AWF Madison will be issued to the CEO.
Any queries should be directed to the Company Secretary, David Lazarus.
Contact:
David Lazarus
Company Secretary
+64 9 526 8775
david.lazarus@awfmadison.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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