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Contact Energy Limited ( (COENF) ) just unveiled an update.
Contact Energy Limited has issued 1,074,187 unquoted Performance Share Rights (PSRs) and 485,973 Deferred Share Rights (DSRs) under its Employee Equity Scheme, with no consideration payable and a nil exercise price. These rights, which together represent up to approximately 0.15% of Contact’s current ordinary share capital if fully vested and converted, are subject to performance hurdles and continued employment and will convert on vesting into ordinary shares ranking equally with existing stock, underscoring the company’s ongoing use of equity-based incentives to align employees with shareholder interests while only marginally diluting existing holders.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand-based energy company listed on the NZX under the ticker CEN. The company operates in the utilities sector, focusing on the generation and retail supply of electricity and related energy services to customers across New Zealand.
Find detailed analytics on COENF stock on TipRanks’ Stock Analysis page.