Generation Development Group (ASX:GDG) issued AU$1,000 worth of new fully paid ordinary shares to eligible employees for zero monetary consideration, according to a Monday filing with the Australian bourse.
The issue price is equivalent to the five-day volume-weighted average price of GDG
shares for the Oct. 15 to 21 period, the filing stated.
The company has issued 59,904 new shares in total to 192 eligible employees.
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