The company’s shareholders in June 2023 approved the buyback of 917,143 shares and in March 14, 2024 the board of directors approved their distribution free of charge.
„Remuneration through shares granted free of charge to employees, managers and administrators of the Company and affiliated legal entities, within the framework of a new Stock Option Plan, aims to motivate and reward them for the activity carried out, respectively their co-interest in achieving all the objectives of the Company and affiliated companies and fulfilling assumed indicators”.
The duration of the “stock option plan” type program is a maximum of 24 months, and the period between the date of granting the option right and the date of exercise of the option right is a minimum of 12 months, according to the Fiscal Code.
The group registered RON1.36 billion revenues in 2023, down 43% year-on-year, and RON75 million net profit, 72% lower than in 2022.
The company has a RON4.5 billion capitalization and is controlled by businessman Stefan Vuza.
(English version by Catalina Apostoiu)