Freightways Advances $647,500 in Interest-Free Loans for Employee Share Plan

Freightways ( (FTWYF) ) has provided an announcement.

Freightways Group Limited has provided interest-free loans totalling $647,500 to employees participating in its Employee Share Plan, enabling the acquisition of 50,000 newly issued ordinary shares via its trust structure. The three-year, salary-deducted loans, channelled through Freightways Express and a group of operating subsidiaries, underscore the company’s ongoing use of equity-based incentives to retain and motivate staff across its logistics and information services businesses, further reinforcing employee alignment with long-term group performance.

More about Freightways

Freightways Group Limited is a New Zealand-based logistics and express freight group, with operations spanning courier, air freight, information management and related services through a network of subsidiaries including New Zealand Couriers, Big Chill Distribution and Air Freight NZ. The company uses an employee share plan to align staff interests with shareholders by enabling employees across its operating businesses to acquire fully paid ordinary shares in the company.

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