Veem Ltd (AU:VEE) has released an update.
VEEM Limited, a leading designer and manufacturer of marine propulsion and stabilisation systems, has issued 452,168 performance rights to senior management as part of its Incentive Performance Rights and Option Plan. The rights vest across three tranches, tied to both time-based milestones and target share prices, with specific provisions for early vesting in the event of a change of company control and clawback clauses. The move aligns management’s interests with performance goals and shareholder value.
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