StrongPoint ASA ( (DE:PGT) ) has provided an announcement.
StrongPoint ASA has announced a mandatory share acquisition program for its board members, requiring them to use 20% of their gross remuneration to purchase company shares. This initiative aims to align the interests of the board with the company’s performance and enhance shareholder value. The company also conducted an employee shareholder program, transferring a total of 7,964 shares to employees with a lock-in period of one year. These moves are part of StrongPoint’s strategy to strengthen stakeholder engagement and promote long-term growth.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company that offers solutions to enhance shopping experiences and improve the efficiency of online grocery shopping. With around 500 employees across several countries, including Norway, Sweden, and the UK, the company provides end-to-end e-commerce solutions and a variety of in-store technologies. StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange.
YTD Price Performance: -16.48%
Technical Sentiment Signal: Buy
Current Market Cap: €33.97M
Learn more about PGT stock on TipRanks’ Stock Analysis page.