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SATS ASA Launches Share Investment Program for Employees

Story Highlights
  • SATS ASA introduces a Share Investment Program for employees and board members.
  • The program offers discounted shares with a three-year lock-up, using treasury and buyback shares.
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SATS ASA Launches Share Investment Program for Employees

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SATS ASA ( (DE:2S0) ) has shared an update.

SATS ASA’s board has approved a Share Investment Program to align employee and shareholder interests, offering up to 2.5 million shares to employees and, pending approval, board members. The shares are priced with a discount due to a three-year lock-up, using treasury shares and a share buyback program. This initiative underscores the company’s commitment to share-based remuneration as previously approved.

More about SATS ASA

SATS ASA is a company operating in the health and fitness industry, offering a range of services and facilities to promote physical well-being. Its primary focus is on providing gym memberships and related fitness solutions, catering to a broad market of health-conscious individuals.

YTD Price Performance: 10.76%

Average Trading Volume: 304

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €498.7M

Learn more about 2S0 stock on TipRanks’ Stock Analysis page.

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