Renergen Limited (“Renergen” or “the Company”) intends to introduce a long-term incentive, namely a Bonus Share Plan (“BSP”) which is compliant with leading local and global best practice and will align employee and shareholder interests and serve to incentivise and retain participants. In terms of the BSP a portion of the annual short-term incentive is paid out in cash and a portion is automatically deferred and delivered as Bonus Shares.
Executive directors, prescribed officers, senior management and key employees will be eligible for participation in the BSP.
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