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Government, trade unions agree purchase terms for 7 pct of INA shares

Izvor: HINA
Autor: ;half;
ZAGREB, July 4 (Hina) - The government and trade unions of workers in the INA oil company on Wednesday agreed terms under which INA's former and current employees will be able to buy seven per cent of the company's shares and an agreement to that effect is expected to be signed next week, sources close to the negotiators said.
ZAGREB, July 4 (Hina) - The government and trade unions of workers in the INA oil company on Wednesday agreed terms under which INA's former and current employees will be able to buy seven per cent of the company's shares and an agreement to that effect is expected to be signed next week, sources close to the negotiators said.

The reference price of a share will be 1,690 kuna, the same price at which INA shares were sold to members of the public in a public offer.

INA's former and current workers will be able to buy the shares at a five per cent basic discount and an additional one per cent discount per year of service.

Shares will be bought in the first half of September in two rounds. The lock-up period will be between six and 12 months, depending on years of service.

(EUR 1 = 7.3 kuna)

(Hina) ha

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