FilingReader Intelligence

Rakon grants share rights under incentive plan

March 21, 2025 at 10:00 AM UTCBy FilingReader AI

Rakon [NZX:RAK] has granted 1,125,000 share rights to employees under its Long Term Incentive Plan, as announced on March 21, 2025. These share rights are convertible into ordinary shares subject to the satisfaction of certain performance conditions, with no consideration payable for the grant or the potential issuance of ordinary shares. If all share rights vest, the number of shares transferred would represent 0.489% of Rakon's currently issued ordinary shares. The number of share rights that vest will be determined by Rakon's total shareholder return over a three-year performance period ending June 27, 2027, relative to the NZX50. The issuance increases the number of ordinary shares in respect to which share rights exist to 1,645,419.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

NZX:RAKNew Zealand Exchange

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