Count scraps employee option limit
Count has scrapped a 2.5 per cent limit on issued capital to employees under an amendment to its Employee Share Option Plan.
Scrapping the limit from the 2006 issuance is intended to assist in the “attraction, retention and motivation” of employees, according to company secretary Rachel Griffith.
The move would provide Count with “greater flexibility in aligning employee and shareholder interests”, she added.
Count has issued options to employees under ESOP at the board’s discretion since 2001, subject to the provisions of the Corporations Act and the ASX listing rules.
The exercise price for options to employees will be set at a 5 per cent discount to the volume-weighted average price for the first full week after the annual results are announced.
2.5 per cent limit on issued capital to employees under an amendment to its Employee Share Option Plan (ESOP).
Scrapping the limit from the 2006 issuance is intended to assist in the “attraction, retention and motivation” of employees, according to company secretary Rachel Griffith.
The move would provide Count with “greater flexibility in aligning employee and shareholder interests”, she added.
Count has issued options to employees under ESOP at the board’s discretion since 2001, subject to the provisions of the Corporations Act and ASX listing rules.
The exercise price for options to employees will be set at a 5 per cent discount to the volume-weighted average price for the first full week after the annual results are announced.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
