Buller Manufacturing Ltd issues 1000 share options to each of its 25 most senior employees. The options

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Buller Manufacturing Ltd issues 1000 share options to each of its 25 most senior employees. The options can be exercised at the end of a four-year period. Once exercised, the shares may not be sold to another party for another two years, after which time the employees may dispose of the shares.


REQUIRED

Identify the type of share-based transaction that has occurred.

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