Ignite Limited (AU:IGN) has released an update.
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Ignite Limited has launched an Equity Incentive Plan, issuing 300,000 options to Mr. Cameron Judson, which are structured into three tranches based on performance measures tied to earnings per share (EPS). These options, convertible into ordinary shares, have an exercise price of $0.96 and are set to expire in five years, with restrictions on share trading for three years post-exercise. The plan includes provisions for termination and change of control, ensuring flexibility and strategic alignment with company performance goals.
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