Oscillate Plc Directors opt for Shares in Lieu of Cash Salaries

 
TIDMMUSH 
 
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO 
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION 
(EU) NO. 596/2014, AS AMENDED ("MAR"). ON THE PUBLICATION OF THIS 
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS 
NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 
 
Oscillate Plc 
 
AQSE: MUSH 
 
("Oscillate" or the "Company") 
 
DIRECTORS OPT FOR SHARES IN LIEU OF CASH SALARIES 
 
Oscillate Plc announces that from January 1[st], 2024, the salaries paid to all 
Company directors will be paid in Ordinary Shares of the Company in lieu of 
cash. Payment in Ordinary Shares will be determined at the prevailing mid-price 
of the Company's Ordinary Shares, on the close of business prior to the date of 
the issue of Ordinary Shares and at the point where the Company has made a 
meaningful transaction or transition and feels that remuneration for the hard 
work completed is appropriate. 
 
Steve Xerri, executive director of the Company, commented: "The freeze in wages 
for myself and the board will enable our shareholders to understand the spirit 
of our intentions, I intend to drive this process through all of our 
undertakings and continue to refine our financial standing. To be able to freeze 
these monthly and annual costs puts a line in the sand, it enables us to 
significantly reduce our corporate costs and also it will allow our shareholders 
more accuracy to determine our financial standing. 
 
Aligning any remuneration at the point of executing what our shareholders want 
demonstrates and makes the future clear for all parties. 
 
Moreover, our cash level along with our shareholders are king, we are marked in 
our PLC status by the amount of cash we hold, and this increases our level of 
attraction to potential RTO prospects and other special situations. The higher 
levels of cash and resilience we have, means that we are able to transact at 
various price levels. I look forward to updating shareholders and the wider 
market further with progress." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
Enquiries 
 
Company: 
John Treacy 
ir@oscillateplc.com 
 
https://oscillateplc.com 
 
Corporate Adviser: 
Peterhouse Capital Limited 
Guy Miller & Heena Karani 
Telephone: +44 (0) 20 7220 9796 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

November 29, 2023 02:01 ET (07:01 GMT)

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