(IN BRIEF) Digi Communications N.V. announced that on 12 August 2024, it granted 70,000 conditional Class B stock options to a director of its Romanian subsidiary, Digi Romania S.A. This grant is part of a stock option program approved by the company’s Class A shareholders and Board of Directors. The exercise of these stock options depends on the director meeting specific performance conditions, with the options vesting after a minimum of one year from the grant date. Digi Communications N.V. is a leading European telecommunications provider, operating primarily in Romania and Spain, with additional presence in Italy, Portugal, and Belgium.
(PRESS RELEASE) BUCHAREST, Romania, 13-Aug-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, informs the market that on 12 August 2024 was granted a total amount of 70,000 conditional class B stock options to a director of Digi Romania S.A. (the Romanian subsidiary of the Company), according to a stock option program approved by the Company’s Class A Shareholders and by the Board of Directors resolutions on 12 August 2024, pursuant to the Company’s Stock Option Plan.
The actual exercise of the stock options is conditional upon the fulfilment of several performance conditions and the normal vesting date is being set after a period of at least 1 year as of the grant date.
About Digi Communications N.V.
We are a 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
FAQs about the Stock Option Grant by Digi Communications N.V.
1. What was announced by Digi Communications N.V. on 13 August 2024?
Digi Communications N.V. announced that it had granted 70,000 conditional Class B stock options to a director of its Romanian subsidiary, Digi Romania S.A., on 12 August 2024.
2. Who received the stock options?
The stock options were granted to a director of Digi Romania S.A., the Romanian subsidiary of Digi Communications N.V.
3. How many stock options were granted?
A total of 70,000 conditional Class B stock options were granted.
4. What is the nature of the stock options granted?
The stock options are conditional, meaning their exercise is subject to the fulfillment of certain performance conditions.
5. When can the stock options be exercised?
The stock options can be exercised after a normal vesting period of at least one year from the grant date, provided that the performance conditions are met.
6. Who approved the stock option program?
The stock option program was approved by Digi Communications N.V.’s Class A shareholders and the Board of Directors on 12 August 2024.
7. What is the purpose of the stock option program?
The stock option program is designed to incentivize and reward directors or executives by aligning their interests with the company’s performance.
8. Where is Digi Communications N.V. primarily operating?
Digi Communications N.V. is a leading provider of telecommunication services, primarily operating in Romania and Spain, with additional presence in Italy, Portugal, and Belgium.
9. What is Digi Communications N.V.’s position in the telecommunications market?
Digi Communications N.V. is a European leader in geographically-focused telecommunication solutions, based on the number of revenue-generating units (RGUs).
10. What are the key markets for Digi Communications N.V.?
The key markets for Digi Communications N.V. are Romania and Spain, with additional operations in Italy, Portugal, and Belgium.
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First published in this link of EuropaWIRE.
