The 1st Repeat General Meeting of EFG Eurobank Ergasias has approved the stock options programme.
The 1st Repeat General Meeting of EFG Eurobank Ergasias has approved the stock options programme. Under this programme, the staff and directors of the Bank and its affiliated companies, can purchase a total of 1,525,000 Eurobank shares at a price of € 18 versus € 18.47, the share’s average stock market price in 2004. By decision of the Management, the period until such option may be exercised is extended by one year, i.e. to 32 instead of 20 months; furthermore, the period for exercising the rights is extended by one more year. This means that the right to purchase may be exercised, during a first stage, almost after three years, provided the beneficiary is still offering his/her services to the Bank.