G5 Entertainment employee share incentive program allocated for 78 employees who participated
G5 Entertainment announces that the company’s performance based, long-term incentive program for the executive management and key employees of G5 Entertainment and its subsidiaries ("LTIP 2019") is allocated to the participants and 25,743 shares have been allocated. Allocation has been made from the shares held by the company.
The value of 25,743 shares at the Nasdaq OMX exchange as of the date of allocation was approx. SEK 5 M. These shares have been attributed to a total of 78 employees in the majority of the countries where the company operates. G5 has offered to sell shares on behalf of the employees as a part of the settlement procedure. Approximately 23,000 shares have been sold on behalf of the participants.
The program LTIP 2020 has also been closed. No allocation was made as the program did not meet its performance criteria.
For additional information, please contact:
Vlad Suglobov, CEO, firstname.lastname@example.org
Stefan Wikstrand, CFO, +46 76 00 11 115