The employees of the Latvian fintech company DelfinGroup performed the first conversion of stock options into shares as part of the share option program, thus becoming company shareholders with the opportunity to participate in shareholder meetings, make decisions about the company’s development and receive dividends paid by the company. A total of 57,911 additional shares of DelfinGroup were listed on the exchange following the conversion of stock options.
Last year, the company launched a unique program in Latvia, according to which DelfinGroup will issue a total of 450,000 shares. The option program provides for the granting of options to the company’s employees within four years, thus all employees who have worked for at least one year will be granted new stock options every year. It is a right for company employees to purchase DelfinGroup shares at nominal value, later after conversion of options, giving the opportunity to earn additional funds along with the development of the company. Last year, 202 qualified for options DelfinGroup employees.
2024-01-22 07:53:13
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