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.

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