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Myriam Robin

Link takeover may be worth $2.5 million to new CEO

Myriam RobinSenior Writer

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At Link Group's AGM later this month, shareholders will be asked to add incoming chief Vivek Bhatia to the company's long-term executive incentive scheme. This would have the effect of granting him 482,649 zero-priced share options, subject to meeting set performance hurdles over the next five years. But, as is typical in such schemes, in the case of a change of control transaction, the Michael Carapiet-led board would be able to immediately vest these options, subject to its own discretion.

Shareholders of Link Group have been asked to add Vivek Bhatia to the company's long-term executive incentive scheme AFR

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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com

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    Original URL: https://www.afr.com/rear-window/link-takeover-may-be-worth-2-5-million-to-new-ceo-20201012-p564ee