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Electro Optic Systems Holdings Limited (ASX:EOS)

ALERT: Price-sensitive ASX Announcement for EOS
Current share price for EOS : $9.440 -1.13 (-10.69%)+
Announcement
Release
17 Mar 2026 3:23PM
Price at Release
$10.570
Full Release
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Summary
Electro Optic Systems Holdings Limited (EOS) announced that its CEO & Managing Director, Dr Andreas Schwer, and CFO/COO, Mr Clive Cuthell, along with other management team members, exercised a total of 3,429,299 options, resulting in 3,299,599 shares being acquired under the EOS LTI plan. Dr Schwer plans to dispose of up to 2,500,000 shares to build a family home and settle family expenses, while Mr Cuthell and other managers also intend to sell shares. EOS has a Minimum Shareholding Policy requiring the CEO to hold shares equivalent to four times his annual remuneration and the CFO/COO to hold three times. Both executives will retain shareholdings above the minimum policy requirement after their planned disposals. The exercised share options will be fulfilled by transferring shares from the EOS Share Plan Trust without issuing new shares.
Key Points
  • EOS CEO & Managing Director Dr Andreas Schwer and CFO/COO Mr Clive Cuthell, along with other management, exercised 3,429,299 options.
  • The exercise led to acquiring 3,299,599 shares under the EOS LTI plan.
  • Dr Schwer will hold 2,907,211 fully vested shares and intends to dispose of up to 2,500,000 shares to build a family home and settle family expenses.
  • Mr Cuthell and other managers also plan to dispose of some of their shares.
  • A Minimum Shareholding Policy requires Dr Schwer to hold at least 4 times his fixed annual remuneration in shares, and Mr Cuthell to hold 3 times his remuneration.
  • After disposals, both Dr Schwer and Mr Cuthell will still hold shares above the required minimum.
  • The share options exercise will be satisfied by transferring shares from the EOS Share Plan Trust without issuing new shares.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.