Polimex-Mostostal gives incentives to the management

11-06-2008, 09:59

Warsaw (Puls Biznesu) – Shareholders will soon vote over an incentive program for the management of the construction company.

Shareholders of Polimex-Mostostal which specializes in construction services for the energy and oil sectors will decide at the GSM held on June 30th whether to accept the incentive program for the management.

“We will present the application to implement a three-year program of manager options. An issue in the years 2012-2014 would be conducted”, Konrad Jaskola, Polimex-Mostostal CEO said.

Subscription warrants would be issued. The managers would receive up to 42.2m shares worth PLN 258m (EUR 76.4m) at present prices. The management and CEOs of some companies would be covered with this program, jointly over 30 people. More data concerning the program will be published on June 20th.

(PLN 1 = EUR 0.296)

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