(IN BRIEF) Digi Communications N.V. has granted conditional stock options to its Executive Directors following the general shareholders’ meeting approval on 25 June 2024. The grants include 80,000 options for Mr. Serghei Bulgac and 60,000 for Mr. Valentin Popoviciu, subject to performance criteria and a vesting period. Digi Communications N.V. is a leading provider of telecommunication services in Europe, with major operations in Romania and Spain, and a presence in Italy, Portugal, and Belgium.
(PRESS RELEASE) BUCHAREST, Romania, 28-Jun-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market and its investors that, on 27 June 2024, the Executive Directors of the Company were granted conditional stock options by the Company pursuant to the decision of the Company’s general meeting of shareholders dated 25 June 2024 and the resolution of the Board of Directors dated 27 June 2024. The number of options of class B shares granted as part of this stock option plan (applicable for the year 2024) amounts to a total of 140,000 stock options (respectively 80,000 for Mr. Serghei Bulgac and 60,000 for Mr. Valentin Popoviciu). The further vesting of all option shares granted will be conditional upon a multiple performance criteria and the passage of a period of time, as indicated in Annex 1 of the Agenda and Explanatory notes published by the Company on 13 May 2024, which can be accessed at the following link: https://www.digi-communications.ro/en/see-file/AGM-2024_Agenda-and-explanatory-notes.pdf
In accordance with the applicable regulations, on 27 June 2024, both executive directors, as persons discharging managerial responsibilities in connection with the Company, have notified the Company, the Romanian Financial Supervisory Authority (ASF) and Autoriteit Financiële Markten (AFM) in connection with the grant of the above-mentioned stock options and the execution between them and the Company of corresponding stock option agreement.
About Digi Communications N.V.
We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.
For Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro
1. What did Digi Communications N.V. announce?
2. When were the stock options granted?
3. Who received the stock options?
4. How many stock options were granted in total?
5. What conditions are attached to the stock options?
6. Where can I find more details about the performance criteria and vesting period for the stock options?
7. Were the regulatory authorities notified about the stock option grants?
8. What are conditional stock options?
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10. What is Digi Communications N.V.?
11. How can investors get more information?
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First published in this link of EuropaWIRE.
