HLO issues shares

HLO issues shares

HELLOWORLD Travel Limited on Fri confirmed the issuance of 30,000 new shares in the company to an unnamed recipient.

An ASX update indicates the shares were issued without any cash consideration, with the purpose listed as “to reward member loyalty”.

The newly issued shares will be held in escrow until 31 Jul 2019, and will be “forfeited if at vesting date the owner was no longer a member of the Helloworld network,” the update reads.

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Source: traveldaily