C06631-2021 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Board Approval of the Employee Long Term Incentive Plan |
Background/Description of the Disclosure |
On 4 October 2021, the Board of Directors of Del Monte Philippines, Inc. (“DMPI”), the subsidiary of Del Monte Pacific Limited (the “Company”), approved DMPI's 2021 Long Term Incentive Plan (the “Plan”). The Remuneration and Stock Option Committee (the “Committee) and the Board of Directors of DMPI approved the Plan. Participation in the Plan is limited to employees of DMPI (including any officer who is also an employee), who will be qualified and approved by the Committee from the list of potential participants identified by Management as critical to the delivery of DMPI’s Long Range Plan. Subject to certain adjustments, the maximum aggregate number of DMPI shares that may be issued pursuant to Options under the Plan is up to 2% of DMPI’s total issued and outstanding common shares. |
Other Relevant Information |
Please refer to the attached document. |
Name | Emil Balaleng |
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Designation | Manager |