SpareBank 1 SMN: Continued savings programme for employees
(Thomson Reuters ONE) -
The Board of Directors of SpareBank 1 SMN has decided to continue the savings
scheme for employees, who are invited to buy equity certificates issued by the
bank.
All employees of the bank and its subsidiaries are invited to participate in the
savings programme. The object of the programme is to motivate employees to
become co-owners of the bank and the same time to increase interest in the
bank's strategy and results.
Employees commit themselves to a fixed savings amount for 2017 by enrolling in
the savings scheme in December 2016. For 2017 the bank offers a scheme enabling
employees to save either kr. 6,000, kr. 12,000 or kr. 24,000 per year through a
monthly salary deduction from January to December 2017. The savings amount will
be used to buy equity certificates in SpareBank 1 SMN on behalf of the
participating employees. The amounts are fixed for the year and cannot be
changed during the period of the programme.
The bank will aim to acquire the equity certificates in the day(s) following the
publication of 1(st), 2(nd) and 3(rd) quarter results, and mid-December.
SpareBank 1 Markets will acquire the equity certificates on behalf of the bank.
The equity certificates will be distributed to the employees as soon as possible
after the acquisition at the same price the bank paid in the open market without
any form of discount. Purchase price and number of equity certificates purchased
by the bank will be published in accordance with the current rules for trading
in own shares.
After 2 years of consecutive ownership of the equity certificates purchased in
the savings programme for 2017, all employees will receive one free equity
certificate for every two purchased under the programme.
The table below lists all primary insiders of SpareBank 1 SMN participating in
the savings programme for 2017. The amounts listed are total amounts for 2017.
Purchase price and number of equity certificates purchased by each primary
insider will be published after the completion of each transaction.
Name Savings amount (NOK)
Erik Gunnes 24,000
Finn Haugan 24,000
Katharina Erlandsen 24,000
Kjell Fordal 24,000
Kjersti Hønstad 24,000
Ola Neråsen 24,000
Roger Teimansen 24,000
Rolf Jarle Brøske 24,000
Tove Westrum Sørensen 6,000
Berit Rustad 24,000
Nelly Maske 24,000
Trondheim, 14 December 2016
Contact person in SpareBank 1 SMN:
Executive Vice President, Finance, Kjell Fordal, tel, +47 905 41 672
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2016 - 08:57 Uhr
Sprache: Deutsch
News-ID 513065
Anzahl Zeichen: 3579
contact information:
Town:
Trondheim
Kategorie:
Business News
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"SpareBank 1 SMN: Continued savings programme for employees"
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