The shareholders of INVL Technology, a company that invests in IT businesses, approved at a meeting on 6 June the terms and conditions of stock options for employees of the businesses it owns.
Under these terms and conditions, option agreements will be signed with employees of the company’s subsidiaries in 2023, on the basis of which the employees would obtain the right to acquire up to 27,500 shares of INVL Technology free of charge by 30 June 2026 according to the terms and procedures set out in the option agreements.
As the employees of the subsidiaries are being given the right to acquire INVL Technology shares free of charge (they do not have to pay for the shares), when employees of subsidiaries acquire the ownership of INVL Technology shares, their companies shall compensate INVL Technology for the cost of acquiring those shares.
INVL Technology owns the cybersecurity company NRD Cyber Security, the Novian software services and IT infrastructure group, and, in the area of business climate improvement and e-governance, the NRD Companies businesses.
INVL Technology is a closed-end investment company traded on the secondary list of the Nasdaq Vilnius stock exchange (INC1L). It is managed by INVL Asset Management. INVL Technology’s investments will be realised by 14 July 2026, the proceeds will be paid out to shareholders, and the fund will wind down.