Marco Polo Marine Ltd

[Shiyi]

The shares awarded are worth more than $2.5 million at today's market price.
Very generous indeed.

[¯|_(ツ)_/¯]

1. 100m shares is for 2nd and 3rd tranches, there was 50m shares issued for 1st tranche.
2. Other than Sean, there are also incentives for key personnel who will get from 10% up to 20% of operating EBITDA until 30 September 2022,  cap at S$10m.

extracted:
3. INCENTIVE PLAN FOR KEY MANAGEMENT PERSONNEL
3.1 The Investors have agreed that after completion of the Debt Restructuring Exercise, the
Company shall put in place an incentive plan, on terms reasonably acceptable to the Investors,
for the key management personnel of the Company on a profit-sharing basis.

3.4 Notwithstanding the aforesaid, the Incentive Plan shall expire on the earlier of (i) the 10th
Business Day from the issuance of the audited financial statements of the Issuer for financial
year ending 30 September 2022, or (ii) when the total aggregate of the amount payable and/or
to be paid as the Incentive Amount equals to S$10 million.
(click and scroll to Appendix C item 3)

Are you vested?



I'm going under and this time I fear there's no one to save me
This all or nothing really got a way of driving me crazy
I need somebody to heal
Somebody to know
Somebody to have
Somebody to hold
It's easy to say

Frankly speaking, Sean is the Someone who know how to heal Macro Polo Marine.
Settle?

=========== Signature ===========



感恩 

Thanks all valuebuddies for helping me in my investment journey.
I learn a lot from you.

[¯|_(ツ)_/¯]

MarcoPolo 1H2021 Result (The Company will release further updates on its business and operations on 18 May 2021)
Rev S$21m (vs 18m)
GP  S$5m  (vs 3m)
NP  S$5m  (vs -0.7m)

The outlook for the offshore marine industry remains challenging as the COVID-19 pandemic has adversely affected oil demand and oil and gas activities, resulting in a slowdown in our ship chartering and shipyard operations. However, there also are positive signs in recent times that such a downcast scenario appears to be gradually bottoming-up. In addition, the Group has seen opportunities in certain segments and we have taken steps to capitalise on them.

As an overall strategy, the Group will focus our collective efforts as we continue the journey of transition towards renewable energy sources as we get more involved in the renewable energy sector.

https://links.sgx.com/FileOpen/MPML-%20H...eID=666285

Gratitude.