Shaver Shop Group Ltd. (AU:SSG) has released an update.
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Shaver Shop Group Ltd. announced the compulsory divestment of 238,616 unvested long-term incentive shares granted to Mr. Cameron Fox, as they did not meet performance conditions. The proceeds from this divestment were used to repay a non-recourse loan to Shaver Shop Pty Limited, with the remaining balance transferred back to the company. This development reflects the company’s strict adherence to performance benchmarks in its incentive plans.
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