Gamesa Approves Stock Ownership Plan For Employees

Gamesa has approved a stock ownership plan for group employees worldwide. Employees will be offered the chance to receive one bonus share for every two shares that they acquire and hold for one year in the framework of the plan. Participants must remain in Gamesa's employment for the entire period.

Employees have from April 28 to May 16 to sign on to the plan. To qualify for the incentive, employees must invest between 300 euros and 1,200 euros in company shares.

The total number of bonus shares may not exceed 0.26% of the company's capital. Subject to compliance with the legal requirements, the bonus shares that Gamesa delivers to its employees may be own shares acquired by the company or any other group company, or may be newly issued, according to the company.

SOURCE: Gamesa

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