RCS&RDS will sell shares to employees at preferential prices

Newsroom 28/04/2011 | 17:48

RCS&RDS will sell to certain employees and representatives of the companies in the group shares at a preferential price.

RCS Management will contract a loan of nearly EUR 40 million and will buy a package of its own shares. This is on the agenda of the General Meeting of Shareholders at the end of May, according to Mediafax newswire.

The agenda stipulates: ‘the approval of granting some advantages under the stock options plan for shares of the company or owned by the company, including the approval of acquiring a percentage of the company shares in order to grant them, according to the plan, to certain employees, categories of employees, managers or representatives of companies in the RCS&RDS group.”

RCS&RDS has 422.06 million shares at a nominal value of 0.1 lei, split between Cable Communications Systems (The Netherlands- 88.9 percent), RCS&RDS (5,04 percent), Zoltan Teszari (2.03 percent), Csaba Ianos Ludescher (1.1 percent) and other 15 individuals with participations under 1 percent, according to the Trade Registry.

Otilia Haraga