Science In Sport (GB:SIS) has released an update.
Science in Sport PLC aims to incentivize management with a new Growth Plan that aligns their interests with shareholders, proposing one-off awards for key executives and setting ambitious targets for a 300% return in three years. The plan involves issuing 20 million Growth Shares and sets performance conditions that will determine the value creation for shareholders, with a maximum dilution of 10% to existing shareholders. Key executives have agreed to reduced bonuses and salary caps to participate in the plan, which is contingent upon shareholder approval at the General Meeting.
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