Pacific Edge Issues New Shares and Employee Options With Minimal Dilution

Pacific Edge Limited ( (PFGTF) ) has issued an update.

Pacific Edge Limited has issued 263,276 new ordinary shares at NZ$0.165 per share as a non-cash incentive to a new employee, bringing its total shares on issue to 1,022,589,055; this share issue represents approximately 0.03% of the company’s ordinary shares. The company has also granted 500,000 options to acquire ordinary shares, vesting in three annual tranches with exercise prices of NZ$0.186, NZ$0.209 and NZ$0.235 per share, respectively, equivalent to about 0.05% of the current share base on a fully exercised basis, and allowing for either cash exercise or a cashless settlement mechanism, underscoring Pacific Edge’s continued use of equity-based remuneration to attract and retain key staff with only minimal dilution for existing shareholders.

More about Pacific Edge Limited

Pacific Edge Limited (NZX: PEB) is a New Zealand-listed company that issues ordinary shares and options as part of its capital management and employee incentive arrangements. The company’s securities are denominated in New Zealand dollars and traded on the NZX Main Board, with a large base of ordinary shares on issue, indicating an established presence in the public equity market.

For a thorough assessment of PFGTF stock, go to TipRanks’ Stock Analysis page.