The move is to fulfil the group’s “primary long-term objective of motivating deserving individuals… to optimise their performance standards and efficiency and to maintain a high level of performance and contribution,” says Q&M in its March 21 filing.
“In addition, participation in the plan will motivate high-performing individuals who are integral to the group to strive for superior performance and to deliver long-term shareholder value. The plan also serves as a motivational tool to recruit and retain talented senior dentists and to reward them for group and individual performance,” it adds.
Under the current terms of the plan, only the group’s employees and directors are eligible to participate.
Q&M says it intends to call for an extraordinary general meeting (EGM) to seek its shareholders’ approval for the proposed amendment.
See also: Q&M issues letter of demand to Aoxin Q&M’s group CEO
Shares in Q&M closed at 32.5 cents on March 21.
