The Management Board of BGS Energy Plus a.s. announces the introduction of an employee share purchase programme.
12-01-2010
BGS Energy 's management board has approved an employee share purchase programme, which started on 8 th January 2010.
All employees of BGS Energy Plus a.s. shall receive a quarterly bonus amounting to CZK 300.000,-. to their cash salaries which will be used to purchase BGS Energy Plus shares in the open market. Following KNF regulations and guidelines all employees' securities accounts will be managed by CYRRUS a.s. Neither BGS Energy's management board nor individual employees will have any influence on the timing or any other details of share purchase transactions on these managed accounts. Employees are not allowed to sell their BGS Energy shares during their tenure with BGS Energy Plus a.s. BGS Energy's management board devised this employee share purchase programme, as typical employee share option programmes cannot be implemented in the Czech Republic. BGS Energy's management board is convinced that turning employees into co-owners is the most efficient way to align incentives between its highly motivated employees and its shareholders.
Legal basis: § 3 ust.1. of the Appendix 3 to Resolution No. 753/2009 of the Warsaw Stock Exchange management board dated 28 December 2009 "Current and Periodical Information in the Alternative Trading System".
All employees of BGS Energy Plus a.s. shall receive a quarterly bonus amounting to CZK 300.000,-. to their cash salaries which will be used to purchase BGS Energy Plus shares in the open market. Following KNF regulations and guidelines all employees' securities accounts will be managed by CYRRUS a.s. Neither BGS Energy's management board nor individual employees will have any influence on the timing or any other details of share purchase transactions on these managed accounts. Employees are not allowed to sell their BGS Energy shares during their tenure with BGS Energy Plus a.s. BGS Energy's management board devised this employee share purchase programme, as typical employee share option programmes cannot be implemented in the Czech Republic. BGS Energy's management board is convinced that turning employees into co-owners is the most efficient way to align incentives between its highly motivated employees and its shareholders.
Legal basis: § 3 ust.1. of the Appendix 3 to Resolution No. 753/2009 of the Warsaw Stock Exchange management board dated 28 December 2009 "Current and Periodical Information in the Alternative Trading System".
