Jade Gas Holdings Limited (AU:JGH) has released an update.
Dennis Morton, a director at Jade Gas Holdings Limited, has significantly increased his stake in the company without cash consideration, acquiring 5,000,000 Performance Rights, with a valuation set at A$170,000. These rights are subject to vesting based on the company’s share price performance and will become active only if the Volume Weighted Average Price reaches or exceeds $0.08 within a precise time frame. Post-acquisition, Morton holds 1,169,999 ordinary shares and the newly obtained Performance Rights.
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