Santander offers an incentive plan to itss
Santander offers an incentive plan to its directors
. The shareholders of Banco Santander, which will be held on 17 June in the capital cntabra, approve a new plan for variable reward in the management of the institution, which during the upcoming three to I give them a portion of their wages into bank shares. In a significant event sent yesterday to the National Securities Market Commission (CNMV), the agency explained, cheap wow powerleveling, that this plan is destined exclusively to the executive directors and other executives, including top management, and employees who take risks, which exercise functions of control or draw a salary similar to these managers.
The first cycle of plan benefits to 250 employees, cobrarn together to a maximum of 165 million euros in shares, according to the calculations of the Board of Administration, sto energy credits , of the entity, which some cobrarn is a drred and included 17.5 million shares that maximum destinarn as executive directors of the entity.
But the club will propose to the Board the approval from new rounds of reward in existing plans into action, as linked to objectives, to distribute a maximum of EUR 19 million titles from 6,500 employees, provided they remain in, wow power leveling, the state on June 30, 2014.
Also approved was a new cycle of action plan and conditional drred delivery, addressed to managers and employees who are not beneficiaries of the plan of reward in stock and drred delivery ms conditions described above and which dedicarn and maximum is 40 million euros in shares.
The Board approved an incentive plan for employees of Santander UK and other Group companies in the UK, through the bank's stock options, linked to a savings plan that provides for monetary amounts aportacin newspapers and certain conditions of stay. Also it will propose to shareholders that may be charged in two of the four actions that the entity distributes dividends each year from its profits, the second and third.
The reports that Santander also will propose to perform a magnification of social capital, for an amount that does not require through the issuance of new ordinary shares of par value half each, without issuance premium n and the same class and series as those currently in circulation.