CORAL GABLES, Fla, Dec. 19, 2024 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar company focused primarily on serving the North American market, today announced that subject to regulatory approval, it is proposing to issue 134,478 subordinate voting shares (the "Compensation Shares") to a senior officer in consideration for the cancellation of equity appreciation rights ("EARs") previously awarded to the officer by subsidiary company, Sucro Holdings, LLC ("Holdings") under its equity participation plan (the "EAR Plan"). The Compensation Shares will be subject to a four-month hold period from the date of issuance as well as additional contractual resale restrictions of between one and three years.
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Sucro Announces Proposed Share Issuance to Senior Officer
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