Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 335

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 335
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, the Company issued 903,988 245,355 14.7

vi. On August 26, 2024, and August 30, 2024, the Company issued 303,388 1,398 3.7

The movement in additional paid-in capital for December 31, 2023, is summarized below:

i. On June 15, 2023, the Company issued 682,741 10.1

ii. On November 30, 2023, the Company issued 378,267 5.4

c. Dividends

Dividends are declared and paid to the Company’s shareholders on a pro-rata basis deploying accumulated retained earnings. The current year’s dividends declared to date resulted in a depletion of available retained earnings, however, under Cayman Law, dividends may also be distributed out of additional paid-in capital. As a result, additional paid-in capital to the value of US$ 48,359

Dividends declared and paid by the Group to the Company’s shareholders for the year ended December 31, 2024, 2023 and 2022 were:

  Shareholder                                                                             
                                   US$                      US$                      US$  
 ──────────────────────────────────────────────────────────────────────────────────────────
  Class A           51,375      0.8716       53,687      0.9840       38,082      0.7020  
  Class B           81,008      0.8716       91,458      0.9840       65,247      0.7020  
  Total            132,383      0.8716      145,145      0.9840      103,329      0.7020  

d. Share based incentive plans

The equity incentive programs under the long-term incentive plan (“ LTIP”) are restricted share plans in which eligible participants include members of the Group’s management and its employees. Beneficiaries under the equity incentive programs are granted rights to shares based on certain criteria (time and performance vesting conditions). The final eligibility of any beneficiary to participate in the LTIP is determined by the LTIP Committee.

The LTIP was approved and launched on November 28, 2022. From 2022 going forward a maximum of 600,000

A new LTIP was approved and launched on February 26, 2024. From