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StrongPoint ASA ( (DE:PGT) ) has shared an announcement.
StrongPoint ASA has announced the issuance of 280,000 share options to its CEO, Group Management, and other key employees as part of a long-term incentive program approved by the General Meeting. This move, which represents 0.6% of the company’s outstanding shares, is designed to align employee interests with company growth and enhance retention. The options will vest over three years, with an exercise price of NOK 9.6939 per share. This initiative is expected to strengthen StrongPoint’s competitive positioning by incentivizing its leadership and key personnel, potentially impacting its operational efficiency and market performance.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company that offers solutions to enhance the efficiency and experience of shopping, both in-store and online. With a workforce of around 500 employees across multiple countries, including Norway, Sweden, the Baltics, Finland, Spain, the UK, and Ireland, StrongPoint supports grocery and retail businesses in over 20 countries. The company provides comprehensive e-commerce solutions and a variety of in-store technologies, such as electronic shelf labels and AI-powered self-checkouts. Headquartered in Norway, StrongPoint is listed on the Oslo Stock Exchange with a revenue of approximately NOK 1.3 billion.
Average Trading Volume: 53,652
Current Market Cap: NOK449.1M
For detailed information about PGT stock, go to TipRanks’ Stock Analysis page.