Babylon Pump & Power Director’s New Incentive Stake

Babylon Pump & Power Ltd (AU:BPP) has released an update.

Babylon Pump & Power Ltd has announced a significant change in Director Mr. Michael Shelby’s interests, with the acquisition of 34 million Performance Rights under the company’s Incentive Awards Plan, valued at $170,000. This change, approved by shareholders, affects Shelby’s direct interest but does not involve any cash transaction. Shelby maintains a direct interest in over 23 million ordinary shares and an indirect interest in 7 million shares through a family trust.

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