Shareholders in Trintech were not the only ones to get some good news yesterday.
The announcement of a share option exchange programme for the company's 590 employees will be welcome news for those holding options with exercise prices as high as $15.
The programme - "to further incentivise our employees" - will allow staff to exchange their options for new options with a lower exercise price, Trintech said.
The old options can be exchanged for new ones, exercisable six months and one day after the cancellation of their existing options.
The new options can be exercised at Trintech's IPO price of $5.78 or at the market value in six months' time, whichever is the higher.
Directors and officers of the company will not be eligible to participate in the programme.
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