Tourism Holdings boosts executive incentives with new 2.9m-option grant

Tourism Holdings Limited ( (AU:THL) ) just unveiled an update.

Tourism Holdings Limited has issued 2,875,000 unlisted long-term incentive options to senior executives under its 2017 Long Term Incentive Scheme, bringing the total number of unlisted options on issue to 12,518,001. The options, which represent 29.81% of the relevant class, will vest in three tranches over two, three, and four years, with an exercise price based on the volume-weighted average share price plus a cost-of-capital uplift and adjusted for dividends, reinforcing long-term alignment between management and shareholders.

The new option grant reflects the board’s continued use of equity-based incentives to retain and motivate key leaders through multi-year performance and tenure hurdles. By tying future share conversion to market-based pricing and cost-of-capital considerations, the scheme is designed to encourage sustained value creation in a cyclical tourism industry and could meaningfully influence executive remuneration outcomes over the medium term.

More about Tourism Holdings Limited

Tourism Holdings Limited (thl) is a New Zealand-based tourism company best known for its campervan and motorhome rentals, vehicle sales, and related tourism services. The group operates across key travel markets and uses long-term incentive schemes to align senior executives with shareholder value in the tourism and leisure sector.

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