Tlou Energy Limited Issues Performance Rights

Source: www.gulfoilandgas.com 2/10/2017, Location: Not categorized

At the Company’s Annual General Meeting (AGM) on 10 November 2016, shareholder approval was granted for the issue of Performance Rights to the Directors of the Company. Tlou’s Directors have now been invited to participate in the Company’s Employee Performance Rights Plan (PRP) for a total of 2,000,000 Performance Rights to be split equally amongst the four Directors. In addition to the Performance Rights being issued to Directors, a further 2,550,000 Performance Rights are being issued to senior management and consultants with the same performance conditions attached.

These Performance Rights will be linked to the share price performance of the Company, ensuring alignment with the interests of the Company’s shareholders. The Performance Rights will be split into two equal Tranches.


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