EROAD (ERDLF) has released an update.
EROAD Limited, listed under ticker code ERD, has announced the issue of 375,028 ordinary shares at $0.77 each as part of its FY24 Long Term Incentive Plan, resulting in a total of 186,771,121 shares post-issue. This strategic financial move, authorized by directors’ resolutions, aims to incentivize long-term performance and does not involve any treasury stock.
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