(CercleFinance.com) – Eni announces that its Board of Directors has decided to submit to the General Meeting of Shareholders on May 15, 2024 a proposal aimed at authorizing the adoption of a 2024-2026 Employee Shareholding Plan.
The Plan will first be implemented for employees in Italy and then gradually extended to foreign subsidiaries, in accordance with local legislation, with the aim of strengthening the feeling of belonging within the company and participation in the growth of the value of the company, in line with the interests of shareholders.
Concretely, this plan provides for two annual allocations (in 2024 and 2025) of free shares with an individual annual monetary value of 2,000 euros. A lock-up period of 3 years applies to each allocation, during which the employee must not transfer the shares.
In 2026, a co-investment model will also be put in place according to which, when shares are purchased by the employee, free shares will be allocated up to 50% of the shares purchased, within the limit of a value maximum of 1,000 euros.
A lock-up period of 1 year will be applied to shares purchased by the employee and a lock-up period of 3 years to shares allocated free of charge.
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