Eltel adjusts terms of its long-term incentive programmes
Eltel’s Board of Directors has decided to adjust the calculation of the so-called Matching Shares in the company’s long-term incentive programmes (LTIP), initiated in 2015 and 2016, in order to compensate for the dilution effect of the EUR 150 million preferential rights issue that was successfully completed in June 2017.In order to maintain the financial position of the participants in the programmes prior to the execution of the rights issue, it has been decided to adjust the calculation of the number of Matching Shares. The ratio for receiving Matching Shares, based on the amount of held