Invalda INVL signed employee stock option contracts with the employees of INVL transferring to AB Šiaulių bankas
30 Noviembre 2023 - 10:58AM
Invalda INVL signed employee stock option contracts with the
employees of INVL transferring to AB Šiaulių bankas
Invalda INVL, in compliance with the provisions of the Rules for
Granting Equity Incentives and in accordance with the decision of
the general meeting of shareholders held on 22 November 2023, with
the employees of the subsidiaries UAB INVL Asset Management and
INVL Life, UADB, who transfer to AB Šiaulių bankas or its
subsidiary companies, in connection with the implementation of the
merger of Invalda INVL’s indirectly managed retail asset management
and life insurance businesses with AB Šiaulių bankas group, which
was concluded on 22 November 2022, concluded stock option
contracts, on the basis of which in 2027 employees will acquire the
right to purchase shares of Invalda INVL paying a price of 1 (one)
euro for each purchased share.
The exact number of shares to be purchased will be calculated in
2024, when the amount of the company's equity per share as of
12/31/2023 will be known according to the audited annual
consolidated reports. In the abovementioned-signed contracts the
total amount that will be converted into number of shares is equal
to 122,908 EUR. The exact number of shares that will be granted to
shareholders under the option contracts will be disclosed in the
company's annual report and made public.
Since 2016 when the company began to offer stock options to
employees and including the agreements signed this year that
specify the number of shares, employees of the group have entered
into stock option agreements for a total of 734,318 shares of
Invalda INVL and to date have acquired 447,179 of those shares.
The person authorised to provide additional information:Darius
ŠulnisCEO of Invalda INVLE-mail darius.sulnis@invl.com
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