DIA Roll Out Share Incentive Plan To Employees
summary：Spanish supermarket chain DIA has announced that it is to offer hundreds of staff the chance to buy into a longterm share incentive plan over the next two years....
Spanish supermar
ket chain DIA has announced that it is to offer hundreds of staff the chance to buy into a longterm share incentive plan over the next two years. The board of directors at DIA hope to make 6.98 million shares, valued at €43.16 million, available to up to 250 managers.
This plan, which was announced by DIA executive director Ricardo Currás,, must receive the approval of the general meeting of shareholders expected to be held this Friday, 25 April.
The length of the incentive plan is expected to last from the date of the approval by the general meeting of shareholders until 30 Aril 2017.
Of the 6.89 million shares to be made available, a maximum of 378,762 can be offered to executive board members.
In addition, shareholders are expected to approve a dividend payment of €0.16 per share.