Tourism Holdings Limited (AU:THL) has released an update.
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Tourism Holdings Limited has issued 440,000 unlisted Long Term Incentive Options, constituting 5.78% of this financial product class, under its 2017 Long Term Incentive Scheme. The options, which will vest over a period of two to four years, can be converted into ordinary shares based on a formula considering the average share price and company’s cost of capital. The initiative aims to incentivize long-term performance and retention.
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