Latest Breaking News On - Partnership share agreement - Page 1 : comparemela.com
Red Rock Resources Plc, the natural resource investment and development company, announces that on 9 April 2021 the Board of Directors approved the issuance of 15,568,254 ordinary shares in the Company ( Shares ) under the Company s Share Incentive Plan ( SIP ) for the 2020/21 tax year as agreed in the Trustees meeting held on 1 April 2021. Under the terms of the SIP, once employees have satisfactorily completed their probationary period, they may sign up to both the Free Share Agreement and Partnership Share Agreement, however, they may only begin active participation in the Partnership Agreement at the beginning of the tax year. Under the Free Share Agreement, employees may be awarded up to £3,600 worth of Ordinary Shares in the Company in any one tax year. Ordinary Shares to the value of £3,600 per existing employee have been awarded in respect of the 2020/21 tax year, representing a total of 1,800,000 Ordinary Shares,
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