Yes, is it Christmas yet? Nine days before the big party, the Oberbank gave away the big presents. The financial institution gave away ten million euros in shares to employees. These are deposited in a foundation.
Oberbank distributed shares to employees for the fifth time as part of the BV employee participation scheme. Where previously the total value was around five million euros, this time shares worth ten million euros are given away to the employees.
For the allocation, a distribution key will be used for the first time this year: full-time employees receive shares worth 4,500 euros, part-time employees less. The shares are managed by the foundation. They are only transferred to the person concerned at the time of retirement.
Employees are the fourth largest shareholder
About 3,200 employees and pensioners of the bank now own about 4.52 percent of the share capital. This makes the group the fourth largest shareholder of Oberbank, which is led by Franz Gasselsberger.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
