490,800-share grant triggers 3-year vesting at Jumbo Group

Executives face strict performance conditions to unlock their final 40% stake.

Jumbo Group Limited has granted 490,800 ordinary shares to directors and employees under its Jumbo Performance Share Plan, according to a filing on the Singapore Exchange dated 26 January.

The shares were awarded at a market price of $0.29 each, based on the company’s last traded price on the grant date.

Executive Chairman and Group CEO Ang Kiam Meng received 83,400 shares, whilst Executive Director and Group COO Christina Ang Chwee Huan was awarded 59,300 shares. Other senior executives and employees received the remainder.

The shares will vest over three years, with about 30% in FY2026, another 30% in FY2027, and the final 40% in FY2028, subject to continued service and performance conditions.

The performance share plan is part of Jumbo Group’s long-term incentive structure to align management interests with shareholders, according to the group’s press statement.

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