Banco Sabadell fulfills its commitment this Wednesday and distributes 300 shares per employee as recognition after the BBVA takeover bid failsThe measure applies to all staff and aims to strengthen the bond between employees and the company.
The plan includes 14.000 professionals in Spain, Mexico and Miami, and represents the full delivery of 4,2 million titlesAt Tuesday's closing prices (€3,08 per share), each package is valued at approximately €924 per person.
Key aspects of the cast
To implement the initiative, the entity has allocated around 13 million euros to the purchase of the necessary shares, a disbursement confirmed by official sources at the bank.
The shares will be paid for automatically in the securities account of each employee; in cases where this did not exist, the bank has proceeded to create a new account on behalf of the worker.
With this formula, thousands of employees become shareholders of the entityaligning its interests more closely with those of the owners and with the stock market performance of the group.
The payment is made this Wednesday, as the management had promised when the acquisition operation promoted by BBVA was finalized.
How the delivery is executed
The operation requires no action from staff: the registration of the securities appears automatically in the securities depositories and is available according to the standard custody conditions and negotiation.
The decision is conceived as a gesture of recognition and internal cohesion after an intense corporate period, and aims to reinforce the teams' commitment to the bank's independent project.
These types of initiatives have spread in the European banking to promote co-responsibility and the performance culture, linking part of the compensation to the market value of the entity.
BBVA's takeover bid: requirements and outcome
BBVA's offer ended unsuccessfully after registering a 25,47% acceptancebelow the minimum of 30% necessary to prosper. The resolution came after a process of supervision and procedures that lasted for 17 months.
La CNMV closed permanently The operation was called off in mid-October, confirming that the required conditions were not met. In that context, Sabadell reiterated its commitment to continue operating independently.
Internal and union reaction
From the workplace, CC OO He described the outcome as a collective success He emphasized that the staff had remained steadfast throughout the process. The union has called for the reopening as soon as possible. negotiation of social benefits.
Among the priorities raised are the career, the improvement of Pension plan, the teleworking, conciliation and the renewal of the workforce, issues that were left pending during the takeover bid.
Recent transactions reported to the CNMV
For his part, the Director of Regulation and Risk Control, David Vegara, Has 250.000 shares sold for an approximate amount of 785.500 Euros, according to public records.
With today's distribution, Sabadell leaves behind the failed takeover bid and strengthens his solo project, rewarding the staff with 300 shares and ensuring a streamlined payment process that reaches 14.000 employees in Spain, Mexico and Miami.
