Concluded option contracts, employees are granted the option rights to the bank’s shares Šiaulių Bankas AB, company code 112025254, address Tilžės st. 149, Šiauliai, Lithuania. Šiaulių bankas AB (hereinafter - the Bank) on 11 April 2019 signed options contracts with the employees of the Bank and the Bank's subsidiaries, who are paid an annual variable remuneration in accordance with the procedure established by legal acts and the Bank's internal documents, a part of which shall be paid in the Bank's shares. Options contracts are continuous, options implementation date is provided for the second Friday in April of each year. Depending on the employee's performance results, the Bank shall have the right to assign each year a certain number of shares to the employee for the financial year and confirm the proportional part (one third) of the number of shares assigned during the previous years and still not transferred to the employee. On the basis of signed options contracts employees as a part of annual variable remuneration for the year 2018 are granted the option right to receive the assigned and later approved (every year by proportional part, taking into account the results of the evaluation of the activities of the employee) number of the Bank’s shares free of charge (only paying the employee’s taxes) on 15 April 2022. For the results of the year 2018 employees are granted the options rights to 2,792,096 shares of the Bank.
Additional information shall be provided by Deputy Director of Markets and Treasury Department Pranas Gedgaudas, tel. +370 41 595653 pranas.gedgaudas@sb.lt 
|