Author: MARSHAL | EFE
They were bought last Friday for 13 euros per title
A total of 229 employees Repsol acquired 170,359 shares, which represents 0.013% of the company’s current share capital, as part of the thirteenth cycle of the company’s stock delivery plan, the oil company informed the National Stock Market Commission (CNMV).
These titles were purchased last Friday at a price of €13 per shareadding a total of 2.21 million euros.
This plan allows participants, including the CEO and members of the Executive Board, to invest up to 50% of the gross amount of the long-term incentive in Repsol shares.
In case the user keeps the acquired shares for a period of three years from the initial investment and the other conditions of the plan are met, the company would give him one additional share for every three initially acquired. Therefore, the maximum number of additional titles that would be delivered at the end of the cycle would be 56,716 (0.004% of the current share capital).
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
