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Bucharest
March 9, 2021
BUSINESS

BT transfers RON 7.2 M-worth of shares to employees

The Transylvania Bank (BT)’s Board of Administrators decided to transfer six million shares to employees, to ensure their loyalty, according to a release by the company remitted to the Stock Exchange, Money.ro reports. Based on the value of BT stocks in this Friday’s Stock Exchange session, closing at RON 1.2, the share package amounts to the equivalent of RON 7.2 M. The shares in question come from the 7.3 million shares unsubscribed by investors in this April’s raising for shares operation. The remaining 1.3 million shares will be on offer in a direct bid, targeting less than 100 investors.

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