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General

Masmovil executives to acquire EUR 12 mln of company shares

Friday 3 April 2020 | 11:40 CET | News
Members of Masmovil's board of directors, led by CEO Meinrad Spenger, have committed to acquiring company shares worth around EUR 12 million. In a statement to Spain's securities market regulator CNMV, the company confirmed that a maximum of 1 million shares will be acquired by the 12 main beneficiaries of Masmovil's long-term incentive plan, who have pledged to jointly invest up to 50 percent of the net cash received by the expiration of the plan on 01 September 2020. The repurchase programme will be implemented on an independent basis by Banco Inversis.

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Categories: General
Companies: Masmovil
Countries: Spain
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