COG Financial Services Limited (AU:COG) has released an update.
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COG Financial Services Limited has revealed that their CEO, Mr. Andrew Bennett, partially met the vesting conditions for the company’s Long Term Incentive Plan, with 23,457 of his performance rights converting into shares. Unfortunately, due to not meeting the minimum normalised EPS Compound Annual Growth Rate, the majority of his performance rights from both FY22 and FY23 tranches have lapsed. This outcome reflects the company’s performance in relation to the established incentive benchmarks.
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