Tilt Renewables Ltd (NZX & ASX: TLT), which has just staved off a full takeover bid, has informed the market that 592,006 performance rights have been issued as part of its performance rights plan.
Performance rights are granted to senior executives which give the participants options to be transferred or issued ordinary shares in Tilt.
The company said performance rights carry no voting rights or entitlements to dividends. Any performance rights which do not vest will lapse.
Total number of securities of the class in existence after the issue will be 1,199,070.