Sbanken ASA offers share incentive programs for employees and executive managers where shares are offered at a price including a 20 per cent discount and is subject to a three-year lock-up period. All employees can subscribe to the program for an amount not exceeding performance-related pay. In addition to this, executive managers can subscribe to an amount not exceeding: *NOK 5 million for the CEO *NOK 4 million for the CFO *NOK 3 million for other executive managers Further reference is made to the general meeting of 25.April 2019 where the company was granted approval to acquire shares at a price betweenNOK 10 andNOK 150 per share and up to an aggregate nominal value ofNOK 15 million . The share buy-back program will be conducted in accordance with the applicable regulations of theOslo Stock Exchange and the Norwegian Securities Trading Act. Contact details, Investor Relations:Jesper M. Hatletveit , Head of IR,Sbanken ASA , +47 959 40 045Henning Nordgulen , CFO,Sbanken ASA , +47 952 65 990 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source