Bwin.party Make Share Plan Awards
By Casinomeister, Last updated Sep 11, 2015
For 2014 Incentive Plan participants
bwin.party digital entertainment has announced shareholder-approved share plan awards under its 2014 Incentive Plan that will undoubtedly leave these two executives with a smile on their faces.
Chief executive officer, Norbert Teufelberger will receive a restricted share award of 916,091 bwin.party shares at a share price of GBP 1.04 per share while chief financial officer Martin Weigold will receive a nil-cost share option award over 674,152 bwin.party shares, a company statement said.
The awards represent 67.18 percent of the maximum entitlement that could be awarded and are based on the achievement of a series of strategic and operational targets. The award was put on hold during protracted merger talks between itself, GVC Holdings and 888 Holdings.
These share awards vest in their entirety on March 31, 2018, but the shares are not eligible for sale until March 31, 2020.
Online Casino News Courtesy of Infopowa
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
