GreenBank Capital (TSE:GBC) has released an update.
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GreenBank Capital has announced cost-saving measures with a cut in directors’ pay and the launch of a new stock option plan, alongside appointing the experienced Harpa Hermannsdóttir as their new CFO. The compensation reduction will save the company $60,000 annually, while the new option plan includes 6.2 million shares, exercisable at $0.08 for the next three years. The changes are part of GreenBank’s strategy to become a more financially self-sustaining investment entity.
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