AUGA Group, AB implements the first stock options for employees
05 Juin 2023 - 8:39AM
AUGA Group, AB implements the first stock options for employees
The Agtech company and organic food
producer AUGA group, AB (hereinafter the Company) continues the
option programme started in 2019 and implements the 2020 stock
options for employees. 2 021 030 shares are granted to
186 employees.
The Company started the option programme in the
spring, 2019, when, in the first phase, more than 2.55 million
units of shares were allocated to employees.
Employees who signed the share option agreements
in 2020 this year can use them. The decision to increase the share
capital of the Company by issuing new ordinary registered shares,
that will be transferred free of charge to the employees who
submitted the respective notifications, was approved by the
Ordinary General Meeting of Shareholders that took place on 28
April 2023. Ownership of the shares will pass to the employees from
the moment the shares are transferred to the employees’ personal
securities accounts.
“We continue the stock option programme launched
in 2019 and we are glad that this year, for the second time,
employees can realize the stock options granted to them. The same
as last year the shares that have become property of employees are
not only a pleasant evaluation and a financial benefit, but also an
even greater motivation to strive for better results and value
growth of the company,” says Kęstutis Juščius, CEO of AUGA Group,
AB.
The Company is continuing its option programme
for the fifth year. From the beginning of the programme in the
period of 2019-2023 more than 11 million of shares was distributed
for more than 370 employees.
CEO of AUGA Group, AB Kęstutis Juščius +370 5 233 5340
Auga Group Ab (LSE:0IR4)
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