Serabi Gold plc, a mining company operating in the Tapajós region of Para State, Brazil, announced the approval of 458,114 conditional shares to its employees and directors as part of its annual compensation review. These awards are issued under the Serabi 2020 Restricted Share Plan, which received shareholder approval on June 16, 2020. The shares are subject to a three-year performance period with specific criteria that must be met before vesting, including total shareholder return relative to the BMO junior gold index, return on capital employed, cumulative free cash flow, and environmental, social, and governance measures. Directors Michael Hodgson and Colm Howlin received 181,269 and 106,162 shares respectively, totaling 289,178 awards, while the remaining 170,683 shares were allocated to other employees. Following these grants, there are 2,202,948 conditional shares outstanding, representing 2.91% of the company’s issued share capital. Additionally, Hodgson and Howlin are required to build shareholdings of 150% and 135% of their salaries within five years, retaining 50% of net vested shares from future awards until these targets are achieved.