07.11.2015, 01:03
ABLV Bank Performed Issue of Employee Shares
OREANDA-NEWS. Extraordinary meeting of shareholders of ABLV Bank made the decision on increasing the bank's share capital by issuing new employee shares, likewise in the previous year.
The decision on issue of 265 000 employee shares was made. Following the increase of ABLV Bank share capital, it will amount to EUR 35.3 million and will be comprised of 31 770 000 ordinary shares and 3 530 000 employee shares.
Continuing the motivation programme initiated in 2012, the employee shares will be used to increase the long-term loyalty of the bank's key officers and their interest in efficient company management. Under the programme, the shares can be allocated to senior managers free of charge. The employee shares provide the right to receive dividends, but no voting rights are attached to those. The list of officers and the number of shares allocated to them are approved by the bank's Council.
The decision on issue of 265 000 employee shares was made. Following the increase of ABLV Bank share capital, it will amount to EUR 35.3 million and will be comprised of 31 770 000 ordinary shares and 3 530 000 employee shares.
Continuing the motivation programme initiated in 2012, the employee shares will be used to increase the long-term loyalty of the bank's key officers and their interest in efficient company management. Under the programme, the shares can be allocated to senior managers free of charge. The employee shares provide the right to receive dividends, but no voting rights are attached to those. The list of officers and the number of shares allocated to them are approved by the bank's Council.
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