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The latest update is out from NZME ( (NZMEF) ).
NZME Limited has announced the cancellation of 54,083 short-term performance share rights (STI PSRs), which are convertible to ordinary shares under the company’s Total Incentive Plan 2024. This cancellation, representing 9.3% of the financial products in that class, is due to certain participants no longer being employed by the company by the vesting date, thus failing to meet the vesting conditions. This action reflects NZME’s adherence to its incentive plan’s terms and conditions, potentially impacting stakeholders by adjusting the available share rights and aligning with the company’s strategic employment and performance goals.
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