INTERNATIONAL: Barabino to offer share options as reward for staff

MILAN: Corporate and financial communications firm Barabino & Partners

has announced the re-assignment of 20 per cent of its shares, previously

held by founders Luca Barabino and Luisa Robba.



The redistribution of the stock will allow the firm - which has offices

in Rome, Milan, Genoa and Brussels - to provide share options as part of

its staff reward scheme.



Seven per cent of the company will be awarded to newly-appointed

partners Frederico Steiner (three per cent), Robero Stasio, and Luca de

Giovanni (two per cent each).



In addition, a further seven per cent has been acquired by the company

itself, to be used in a future stock options plan at the end of 2004

which will benefit the firm's three partners and senior management.



A further six per cent interest in the firm has been purchased to fund

future staff option schemes.



Barabino & Partners is Italy's largest PR agency and is headed by

president and MD Barabino.



Edited by Holly Williams.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.