Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 351

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 351
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 Hong Kong dollar, (c) CLP - Chilean Peso, (d) COP - Colombian Peso, (e) GBP - Pound Sterling

32Related parties

a. Key management compensation

The amounts paid to directors and officers for their roles as executives for the years ended December 31, 2024, 2023 and 2022 included in “ Personnel expenses” are shown below:

                                   For the years ended December 31,                              
                                                               2024          2023          2022  
 ─────────────────────────────────────────────────────────────────────────────────────────────────
  Key management compensation                              ( 7,397)      ( 6,971)      ( 5,705)  

For the year ended December 31, 2024, the Group has accrued US$ 13.2 8.1 6.9 6.7

The Group also accrued US$ 0.8 2.9

The accruals for key management and strategic bonuses provided for are included in “ Personnel expenses”.

b. Deferred consideration

As described in note 21(b), deferred consideration is payable to the management of Moneda and CSHG. The deferred consideration payable to Moneda management was finalized and paid for by issuing 2,423,546

c. Long-term investments

As described in notes 12(b), the Group purchased shares on behalf of PBPE General Partner V, Ltd.’s investment fund Private Equity Fund V (PE V) in Lavoro Agro Limited (“ Lavoro”) for approximately $ 8.2

  Patria Investments Limited      F-83  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
 ─────────────────────────────────────────────────────────────────────────────────────────────

d. Carried interest allocation

As described in note 23(b), up to 35

e. Share based incentive plan

As described in note 29(d), the Company has share based incentive plans to provide long-term incentives to certain employees, directors, and other eligible participants in exchange for their services.

f. Lease commitments

Note 21(a) details lease payments made for various office premises and include the following leases with related parties

i. Mon