NaaS Technology Inc. Announces It Has Amended And Restated Its Previously Adopted Amended And Restated New 2022 Share Incentive Plan, To Expand The Number Of Class A Ordinary Shares Available For Grant Of Awards
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology Inc. (NASDAQ:NAAS) has expanded its Amended and Restated New 2022 Share Incentive Plan by increasing the number of Class A ordinary shares available for awards to 490,563,333, effective December 20, 2023. This number will further increase annually by 1% of the total issued and outstanding shares, starting January 1, 2024, subject to board discretion. No other significant changes were made to the plan.
December 21, 2023 | 9:25 pm
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NaaS Technology Inc. has amended its share incentive plan, increasing the pool of shares for awards, which may dilute existing shareholders but also potentially retain and attract talent.
The expansion of the share incentive plan could lead to dilution of existing shareholders' equity, which might negatively impact the stock price in the short term. However, such plans are also used to attract and retain employees, which could have positive long-term effects. The confidence level is not at 100 due to market variables that could influence the stock price beyond the share incentive plan.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100