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Serabi Gold approves vesting of 2023 share awards after exceeding performance targets, issuing 573,209 new shares.

Company Fundamentals
13 May 2026
GlobeNewsWire
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Bullish
pluang ai news

Serabi Gold's Board approved the vesting of 2023 Conditional Share Awards under its Long Term Incentive Plan after the company significantly exceeded performance targets over a three-year period. Key metrics such as Total Shareholder Return, Return on Capital Employed, and Return on Sales all surpassed thresholds, leading to an increased share award by 17.5%. A total of 1,098,298 shares were due to vest, with 573,209 net shares issued after tax deductions. These shares will be traded on the London Stock Exchange's AIM market, expanding the company's share capital to over 76 million shares. This move rewards management and employees for strong operational and financial performance, supporting Serabi's growth plans in gold production.

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