Listed port operator International Container Terminal Services Inc. awarded a total 1.81 million shares under the company’s Stock Incentive Plan.
“The transaction covered herein is not a sale of treasury shares to the public but rather an award of shares to certain officers and employees of the ICTSI Group that have vested under the Company’s Stock Incentive Plan,” it said.
The shares, taken from stocks held by ICTSI in treasury, were valued at P374.8 million.
With the award of shares, ICSTI stocks held in treasury were reduced to 12.98 million.
