Spenda Limited (AU:SPX) has released an update.
Spenda Limited has announced that its CEO/Managing Director, Adrian Floate, is set to receive performance-based remuneration subject to shareholder approval, consisting of an issuance of 52,265,625 options with an exercise price of 1.75 cents each, expiring on 30/09/2027, in addition to 4,500,000 shares. This follows a previous notice dated 1 February 2024, with the options valued at $0.004 each as part of the company’s incentive program.
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