Oxbridge Re Holdings (OXBR) has shared an announcement.
SurancePlus Holdings Ltd. has launched a new equity incentive plan to encourage and align its staff with shareholder interests, with potential awards of up to 750,000 shares. The program includes a variety of share-based incentives for employees and consultants, managed by the company’s board of directors. On its initiation, 200,000 restricted shares and options for over half a million shares with a four-year vesting schedule were granted. These equity incentives will fully vest in case of a company takeover, and their issuance falls outside the need for registration under the Securities Act, due to their non-public offering nature.
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