Babylon Director’s Stake Boosted by Incentive Plan

Babylon Pump & Power Ltd (AU:BPP) has released an update.

Babylon Pump & Power Ltd has announced a significant change in the interests of director Mr. Michael Shelby. The director has acquired 34 million Performance Rights under the company’s Incentive Awards Plan, without any cash consideration, as approved by shareholders previously. This change reflects the director’s increased stake in the company and his direct interest now includes a substantial number of performance rights in addition to his existing shareholdings.

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