Oceania Healthcare strengthens employee incentives with option and share grants

Oceania Healthcare Limited has announced the grant of 660,000 options under its share option plan and 254,303 restricted share rights (RSRs) under its restricted share rights plan, effective September 5, 2025. These initiatives aim to reward and retain key personnel, driving longer-term performance and aligning incentives with the company's shareholders.

The options, representing 2.08% of all currently issued options, have an exercise price of NZD 0.65, based on the volume-weighted average price of OCA shares prior to May 26, 2025. Option holders can exercise these from 2028, following the announcement of OCA's final results. The RSRs, which are unquoted, will vest in three tranches over 12, 24, and 36 months from the June 12, 2025 grant date, entitling holders to one ordinary share per RSR upon vesting. Both grants were issued without monetary consideration, in accordance with their respective plan rules.

The board resolutions on August 29, 2025, authorized these grants. The options are designed to encourage broader employee participation, while the RSRs are specifically targeted at the chief executive officer, chief financial officer, and chief people officer to reinforce long-term decision-making and performance alignment. New ordinary shares issued upon the exercise of either options or RSRs will rank equally with existing ordinary shares.