SmartPay Incentivizes Leadership with Performance Rights

SmartPay Holdings Limited (DE:KX2) has released an update.

SmartPay Holdings Limited has issued 5,024,541 Share Performance Rights to key senior management members as part of an incentive program tied to revenue and EBITDA per share metrics. These rights will convert to ordinary shares, representing 2.07% of the company’s shares, if performance conditions are met. The rights are issued at no cost with no exercise price and don’t confer dividend entitlement, but they are dividend-protected upon vesting.

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