Onward Technologies Limited — Important, 20-01-2025: Updates

A proxy advisory firm has recommended votes against the resolutions in the postal ballot notice from Onward Technologies Limited. In response, the company clarified that the vesting of options will depend on specific performance metrics: revenue growth of 10%-12%, an EBITDA margin of at least 10%, new customer acquisition potential, and overall contribution to company goals. Additionally, flexibility in the discount on share prices at the time of grant is outlined, allowing for a discount of up to 30% based on market conditions. The resolutions, approved by the Board of Directors, are aligned with the company’s strategic objectives. Shareholders are encouraged to consider this clarification when voting.