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Share option plan to be offered to Jamaica Teas employees
Directors and employees of Jamaica Teas Limited will soon be able to access additional shares in the company which was listed on the Junior Stock Exchange six months ago.
The Board will be recommending to shareholders at the annual general meeting in March to approve a share option plan for Directors and a Share Purchase Plan for staff members.
A resolution is included in the notice for the annual general meeting for 16 million new shares to be issued in two tranches.
Staff members will be allowed to purchase shares set aside for them at 10% discount to the selling price on the date the offer is taken up.
Employees will be given a specific time in each year in which to take up the offer and can get a three year interest free loan from the company to acquire the shares.
Directors and employees of Jamaica Teas Limited will soon be able to access additional shares in the company which was listed on the Junior Stock Exchange six months ago.
The Board will be recommending to shareholders at the annual general meeting in March to approve a share option plan for Directors and a Share Purchase Plan for staff members.
A resolution is included in the notice for the annual general meeting for 16 million new shares to be issued in two tranches.
Staff members will be allowed to purchase shares set aside for them at 10% discount to the selling price on the date the offer is taken up.
Employees will be given a specific time in each year in which to take up the offer and can get a three year interest free loan from the company to acquire the shares.