DGAP-Adhoc: Allterco JSCo decides on share-based incentives for employees

DGAP-Ad-hoc: Allterco JSCo / Key word (s): Miscellaneous
Allterco JSCo decides on share-based incentives for employees

02.12.2021 / 20:35 CET / CEST
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Allterco JSCo decides on share-based incentives for employees

Sofia / Munich, December 2, 2021 – The Board of Directors of Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco”), a provider of IoT and smart home products based in Sofia, Bulgaria, has based on the consolidated financial results reported by Allterco for the third quarter 2021 and the success of this year’s Black Friday campaign, it was decided to further incentivize the group’s employees by granting shares in the company. In order to implement the resolution of the Board of Directors, the subsidiaries Allterco Robotics EOOD and Allterco Trading EOOD, in which most of the Group’s employees are employed, allocated their respective employees a total of 14,018 shares in Allterco JSCo, which corresponds to 0.07% of the share capital of the listed company. The respective subsidiaries allocated as follows: Allterco Robotics EOOD 9,117 shares, Allterco Trading 4,901 shares.

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12/02/2021 CET / CEST DGAP Distribution Services include legal reporting, corporate / financial news and press releases.
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