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Swissmetal Employees subscribe for Shares Dornach, 23 June 2008 As in the previous year, the employees of Swissmetal have had the opportunity to purchase shares of Swissmetal Holding AG at a discounted price. Nearly 31,000 shares were subscribed by employees and transferred to portfolios. The shares are locked in for a total of two years. Only after this time limit expires, can the employee freely use them.
Swissmetal initiated this employee share participation program last year, to encourage employees to stay with the company longer and to share in the company’s success. Swissmetal was able to obtain and transfer this share package with its own funds, did not have to resort to authorized capital at the general meeting, and did not have to increase capital. |
