The shares subject to this plan were bought-back by the Company, according to the programs approved by the Extraordinary General Meeting of Shareholders Resolutions no. 4 of April 25, 2016, no. 3 of April 18, 2019 and no. 4 of April 27, 2020.
“Offering rights / options to acquire EVER shares by the current and former managers and the employees, in the form of a stock option plan is based on statutory provisions, the remuneration policy of the company, the resolutions of the ordinary and extraordinary general meetings of shareholders from 2016 to 2021 and Board decision of April 29, 2021,” the company said in its stock market report.
The “Stock Option Plan” entails granting the directors, managers and employees in office on December 31, 2020 rights / options to acquire a total number of 3.84 million EVER shares with value of RON5.4 million, at the exercise price of zero lei per share, respectively 2.21 million for managers and directors and 1.63 million shares for employees.
“For employees whose individual employment contract ended in 2020, the variable remuneration will be granted in full in cash. For employees whose individual employment contract began during 2020, the variable remuneration will be granted in proportion to the period worked, in compliance with the other award criteria stipulated by the Collective Labor Agreement 2020,” Evergent Investments also said in its report.
The market price of the EVER share is RON1.4050 – closing price from the day before the approval of the “Plan” (April 28, 2021). Beneficiaries who will exercise their option will purchase the shares at a value of RON1.4050/share, with a strike price of zero lei/share.
The offered shares are of the same class with those already existent, namely common, nominative and undivided, of equal value and dematerialized, issued at a face value of RON0.10/share.
Evergent Investments has a market value of RON1.4 billion. EVER shares have been trading up 14.4% since the beginning of 2021, amid deals worth RON115 million, per stock market data.