Conduit Holdings Ltd ( (GB:CRE) ) just unveiled an update.
Conduit Holdings Limited announced the grant of a Long Term Incentive Plan (LTIP) award to Gregory Roberts, a person discharging managerial responsibilities within the company. Roberts has been awarded 87,478 common shares, which will vest on the third anniversary of the grant date, contingent upon continued employment. This move is part of the company’s remuneration strategy, aligning with its policy approved at the 2024 AGM. The award is not subject to specific performance conditions but adheres to the LTIP Rules, including provisions for adjustments and clawbacks. This announcement underscores Conduit’s commitment to incentivizing its management team, potentially impacting its operational stability and stakeholder confidence.
More about Conduit Holdings Ltd
Conduit Holdings Limited is the ultimate parent company of Conduit Re, a Bermuda-based reinsurance business with a global reach. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer and has been assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) by A.M. Best, with a stable outlook. Conduit Holdings Limited is listed on the London Stock Exchange under the ticker CRE.
YTD Price Performance: -21.06%
Average Trading Volume: 509,416
Technical Sentiment Signal: Buy
Current Market Cap: £578.3M
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