Sandfire Resources America Inc. Announces Incentive Plan Grants
Sandfire Resources America Inc. has announced the grant of 1,774,306 restricted share units (RSUs) and 1,774,306 performance share units (PSUs) to certain company officers. The RSUs will vest in three equal tranches on July 1, 2025, 2026, and 2027. The PSUs will vest upon achievement of key performance indicators, not before two years after the grant date, in two equal tranches on July 1, 2026 and 2027.
Once vested, both RSUs and PSUs entitle holders to receive either one common share, cash equivalent, or a combination, minus applicable withholdings. After these grants, there are 3,548,612 shares issuable on settlement of all outstanding RSUs and PSUs. The grants are subject to TSX Venture Exchange approval.
Sandfire Resources America Inc. ha annunciato la concessione di 1.774.306 unità azionarie riservate (RSU) e 1.774.306 unità azionarie legate alle prestazioni (PSU) a determinati dirigenti dell'azienda. Le RSU verranno consolidate in tre tranche uguali il 1 luglio 2025, 2026 e 2027. Le PSU si consolideranno al raggiungimento di indicatori chiave di prestazione, non prima di due anni dalla data di concessione, in due tranche uguali il 1 luglio 2026 e 2027.
Una volta consolidate, sia le RSU che le PSU danno diritto ai titolari di ricevere un'azione ordinaria, un equivalente in contante, o una combinazione, al netto delle ritenute applicabili. Dopo queste concessioni, ci sono 3.548.612 azioni emettibili al momento della liquidazione di tutte le RSU e PSU in essere. Le concessioni sono soggette all'approvazione del TSX Venture Exchange.
Sandfire Resources America Inc. ha anunciado la concesión de 1,774,306 unidades de acciones restringidas (RSU) y 1,774,306 unidades de acciones por rendimiento (PSU) a ciertos directivos de la empresa. Las RSU se consolidarán en tres tramos iguales el 1 de julio de 2025, 2026 y 2027. Las PSU se consolidarán al lograr indicadores clave de rendimiento, no antes de dos años después de la fecha de concesión, en dos tramos iguales el 1 de julio de 2026 y 2027.
Una vez consolidadas, tanto las RSU como las PSU dan derecho a los titulares a recibir una acción ordinaria, un equivalente en efectivo, o una combinación, menos las retenciones aplicables. Después de estas concesiones, hay 3,548,612 acciones que se pueden emitir al momento de liquidar todas las RSU y PSU pendientes. Las concesiones están sujetas a la aprobación de la TSX Venture Exchange.
샌드파이어 리소스 아메리카 주식회사는 1,774,306개 제한 주식 단위(RSU)와 1,774,306개 성과 주식 단위(PSU)를 특정 회사 임원에게 부여한다고 발표했습니다. RSU는 2025년, 2026년 및 2027년 7월 1일에 세 번에 걸쳐 동일한 비율로 분할 귀속됩니다. PSU는 지급일로부터 두 년 후 주요 성과 지표를 달성할 때 귀속되며, 2026년 및 2027년 7월 1일 두 번에 걸쳐 동일한 비율로 배분됩니다.
귀속이 완료되면 RSU와 PSU 모두 보유자에게 일반 주식, 현금 equivalente 또는 이들의 조합을 받을 수 있는 권리를 부여하며, 적용 가능한 세금을 공제한 후에 지급됩니다. 이러한 부여 후, 모든 미결제 RSU 및 PSU의 결제 시 3,548,612주가 발행될 수 있습니다. 이 부여는 TSX 벤처 거래소의 승인을 받아야 합니다.
Sandfire Resources America Inc. a annoncé l'octroi de 1 774 306 unités d'actions restreintes (RSU) et 1 774 306 unités d'actions de performance (PSU) à certains dirigeants de l'entreprise. Les RSU seront acquises en trois tranches égales le 1er juillet 2025, 2026 et 2027. Les PSU seront acquises lorsque des indicateurs de performance clés seront atteints, pas avant deux ans après la date d'octroi, en deux tranches égales le 1er juillet 2026 et 2027.
Une fois acquises, les RSU et les PSU donnent droit à leurs titulaires de recevoir soit une action ordinaire, un équivalent en espèces, ou une combinaison, après déduction des retenues applicables. Après ces octrois, il y a 3 548 612 actions pouvant être émises lors du règlement de toutes les RSU et PSU en circulation. Les octrois sont soumis à l'approbation de la TSX Venture Exchange.
Sandfire Resources America Inc. hat die Gewährung von 1.774.306 beschränkten Aktieneinheiten (RSU) und 1.774.306 Performance-Aktieneinheiten (PSU) an bestimmte Unternehmensleiter bekannt gegeben. Die RSUs werden in drei gleichen Tranchen am 1. Juli 2025, 2026 und 2027 fällig. Die PSUs werden bei Erreichung von Leistungskennzahlen, frühestens jedoch zwei Jahre nach dem Vergabedatum, in zwei gleichen Tranchen am 1. Juli 2026 und 2027 fällig.
Sobald sie fällig sind, berechtigen sowohl RSUs als auch PSUs die Inhaber, entweder eine Stammaktie, ein equivalentes Geld oder eine Kombination davon, abzüglich der anwendbaren Abzüge, zu erhalten. Nach diesen Zuwendungen gibt es 3.548.612 auszugebende Aktien bei der Abwicklung aller ausstehenden RSUs und PSUs. Die Zuwendungen unterliegen der Genehmigung der TSX-Venture-Börse.
- Implementation of long-term incentive plan for officers
- Alignment of officer compensation with company performance through PSUs
- Staggered vesting schedule promotes retention of key personnel
- Potential dilution of existing shareholders upon RSU and PSU conversion
- Increased share-based compensation expenses
WHITE SULPHUR SPRINGS, Mont., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. (“Sandfire America” or the “Company”) announces the grant of a total of 1,774,306 restricted share units (“RSUs”) to certain officers of the Company in accordance with the Company’s long-term incentive plan. Once vested each RSU entitles the holder thereof to receive either one common share of the Company, the cash equivalent of one common share or a combination of cash and common shares, as determined by the Company, net of applicable withholdings. The RSUs will vest in three equal tranches, on July 1, 2025, 2026 and 2027.
The Company has also granted an aggregate 1,774,306 performance share units ("PSUs") to certain officers of the Company. The PSUs granted to officers will vest upon the achievement of certain key performance indicators as determined by the Board, vesting not before two years after the grant date. Once vested, each PSU entitles the holder thereof to receive either one common share of the Company, the cash equivalent of one common share or a combination of cash and common shares, as determined by the Company, net of applicable withholdings. The PSUs will vest in two equal tranches, on July 1, 2026 and 2027.
Following the above-noted grants, there are 3,548,612 shares issuable on settlement of all outstanding RSUs and PSUs. For further information regarding the Plan, readers are encouraged to review the management information circular prepared for the Company's annual general meeting of shareholders which was held on November 16, 2023, which includes a copy of the Plan, and is available under the Company's profile on SEDAR+ and by visiting the Company's website.
The grant of the RSUs and PSUs is subject to the approval of the TSX Venture Exchange.
Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp,
VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this document constitute "forward looking information" within the meaning of Canadian securities legislation, including statements regarding the Agreement, the Company's financing options and expected outcomes. In making these forward-looking statements, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will receive required regulatory approvals, and that the Company will be able to secure additional funding to execute its plans, However, the forward-looking statements in this document are subject to numerous risks, uncertainties and other factors, including delays in obtaining or inability to obtain required government or other regulatory approvals or financing. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
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