The Directors of Servcorp (ASX:SRV) have resolved to grant up to 1,285,000 options over unissued ordinary shares to 14 key executives and 48 managers globally.
The options will have an exercise price of $3.01.
The exercise period will commence 36 months after issue date and expire five years after issue date, subject to the option holder remaining an employee of Servcorp.
This is to encourage and reward superior business performance.
Servcorp is a multinational organisation that sells serviced office space, virtual office products and IT services.
Shares in Servcorp (ASX:SRV) are trading 0.33 per cent lower at $3.00.