Incentive plans

The Shareholder Meeting of CIR of April 30, 2021 approved the 2021 stock grant plan for directors and/or executives of the company and subsidiaries, of 5,000,000 conditional rights, each of which will attribute to the beneficiary the right to receive through assignment one CIR share free of cost.

The plan has the aim of aligning the interests of management with the objectives of creating value for the group and its shareholders over a medium-long term time horizon and of retaining key managers in the group.