Telecom Italia's new employee share ownership plan is launched. The subscription period, as Radiocor learned, was established from 26 June to 10 July. The plan is aimed at all people with permanent contracts of Telecom Italia and its subsidiaries with registered offices in Italy. There are several new features compared to the previous 2010 edition.
Shares can be subscribed at a 10% discount, with a maximum investment of five thousand euros (increased compared to the three thousand foreseen in 2010). There are three different supplementary payment methods: bank transfer, or loan, or severance indemnity for the share deposited with the company (another novelty with respect to the previous plan).
Furthermore, after 12 months, the assignment of one free share is envisaged for every three securities subscribed, in the case of maintenance of ownership of the shares and in the event of a constant employment relationship.
