Property developer proposes long-term incentive plan

KUCHING: Naim Holdings Bhd plans to implement a long-term incentive plan (LTIP) via the granting of free company shares to eligible employees and executive directors based on their performance.

The leading property developer said the proposed LTIP would involve the issuance of up to 10% of the company’s issued and paid-up capital (current 250 million shares) (excluding treasury shares) at any point of time during a 10-year period.