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Equity incentives for employees: new Corporation Act rules for listed entities - Knowledge

New rules will come into effect on 1 October 2022 affecting how offers by listed entities of securities and other financial products under employee share schemes are regulated under the Corporations Act. The new laws will make it easier to incentivise employees with equity in a listed entity where payment, or borrowing funds, to participate in the ESS is not required. ....

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Microsoft announces pricing terms for its exchange offers and increases the New 2062 Notes Issue Cap


Microsoft announces pricing terms for its exchange offers and increases the New 2062 Notes Issue Cap
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REDMOND, Wash., March 2, 2021 /PRNewswire/ Microsoft Corp. (NASDAQ: MSFT) ( Microsoft ) today announced the pricing terms with respect to its offers to (i) exchange (the Pool 1 Offer ) the fourteen series of notes described in the table below (collectively, the Pool 1 Notes ) for a new series of Microsoft 2.921% notes due March 17, 2052 (the New 2052 Notes ) and a cash payment, as applicable. For each $1,000 principal amount of Pool 1 Notes validly tendered and not validly withdrawn prior to 11:59 p.m., New York City time, on March 15, 2021 (the Expiration Time ) and accepted by Microsoft, the following table sets forth the yield, the total exchange consideration, the principal amount of the New 2052 Notes and the amount of the cash payment, as applicable: ....

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