YSB Issues Supplemental Disclosure: Performance Undertaking Will Not Affect Acquisition Terms or Management Compensation

Bulletin Express09-22 22:22

YSB Inc. released a supplemental announcement on 22 September 2026 to clarify the impact of a new three-year performance undertaking linked to its pending acquisition of the Target Company. The clarification follows a series of updates dated 15 October 2024, 28 October 2024, 26 November 2024, 14 January 2025, 23 March 2026 and 20 August 2026.

The company confirmed that any failure by the founders or core management to meet the new performance targets will neither alter their contractual salaries and benefits nor jeopardise completion of the acquisition. In addition, the undertaking does not modify the original contingent consideration structure outlined in the acquisition agreement and is not listed among the transaction’s conditions precedent.

YSB emphasised that the founders are providing these commitments in their capacity as employees, mirroring the incentive mechanisms applied to other staff members to maintain close alignment with corporate growth objectives.

Management stated that further updates on the acquisition will be issued “as and when appropriate” and advised shareholders and potential investors to exercise caution when dealing in the company’s shares.

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