Rainbow Rare Earths (GB:RBW) has released an update.
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Rainbow Rare Earths Limited has announced a significant share-based remuneration package under its short and long-term incentive plans, including the issuance of nil priced share options, restricted share units, and ordinary shares. These incentives, totaling 9.8 million shares, represent 1.5% of the pre-award issued share capital and will vest over three years contingent upon the company reaching a revenue-generating stage. The move, which includes shares for top executives as non-cash bonuses, aims to align leadership’s interests with the company’s growth and performance.
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