Paragon REIT Grants 779,900 Units Under Performance Award Scheme

MT Newswires

2025/03/04

Paragon REIT (SGX:SK6U) granted 779,900 units under its Performance Unit Award scheme, with 409,800 units allocated to Chief Executive Officer Leng Mee Yin Susan, according to a Monday filing on the Singapore Exchange.

The awarded units, priced at SG$0.970 each on the grant date, will vest in March 2028, subject to performance conditions.

The REIT is undergoing a proposed privatization by Times Properties, which may affect the status of these awards.

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