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NZME ( (NZMEF) ) has provided an update.
NZME Limited has issued 281,815 fully paid ordinary shares at no cash cost to participants following the exercise of performance rights under the 2024 short-term incentive tranche of its total incentive plan. The issue, representing about 0.15% of NZME’s total ordinary shares on issue and bringing the total to 188,181,619 shares, forms part of the company’s ongoing equity-based remuneration strategy, aligning staff incentives with shareholder interests while slightly diluting existing holders, with all new shares ranking equally with existing stock.
More about NZME
NZME Limited is a New Zealand-based media company listed on the NZX under the ticker NZM, with its primary business centered on publishing, radio, and digital media services tailored to the New Zealand market. The company issues ordinary shares on the NZX and uses equity-based incentive structures as part of its remuneration and retention framework for key employees and executives.
For an in-depth examination of NZMEF stock, go to TipRanks’ Overview page.