Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022

(IN BRIEF) Digi Communications N.V., a leading provider of telecommunication services in Europe, announced that executive directors exercised their share options, with Mr. Serghei Bulgac receiving 80,000 class B shares and Mr. Valentin Popoviciu receiving 70,000 shares for 2023. These options were granted based on decisions from the shareholders’ meetings on 18 May 2021 and 28 December 2022.

(PRESS RELEASE) BUCHAREST, Romania, 2-Jul-2024 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to inform the market that the executive directors of the Company, exercised their right to receive a total number of 150,000 class B shares from the share capital of the Company respectively (80,000 class B shares to Mr. Serghei Bulgac and 70,000 class B shares to Mr. Valentin Popoviciu), for the year 2023, as per the conditional share options granted on the 19^th of May 2023, in accordance with the decision of the Company’s Ordinary General Shareholders’ Meeting from the 18^th of May 2021 (the OGSM 2021) and on the 2^nd of March 2023, in accordance with the decision of the Company’s Ordinary General Shareholders’ Meeting from the 28^th of December 2022 (the OGSM 2022).

The conditional share options have been vested in accordance with the provisions of the Company’s Share Option Plan and the OGSM 2021 and OGSM 2022.

Details regarding the conditional share options granted on the 19^th of May 2023 and the 2^nd of March 2023 to the executive directors of the Company are available on the Company’s website at “ANNOUNCEMENTS” section, available HERE.

In accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, on July 1^st , 2024, the executive directors, as persons discharging managerial responsibilities within the Company, have notified the Company, the Romanian Financial Supervisory Authority (ASF) and the Autoriteit Financiële Markten (AFM), in connection with the exercise of the share options.

About Digi Communications N.V.

We are an European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

Contacts:

For Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro

Website:

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FAQs:

1. What did Digi Communications N.V. announce?

• Digi Communications N.V. announced that its executive directors have exercised their conditional share options for the year 2023.

2. How many shares were granted to the executive directors?

• A total of 150,000 class B shares were granted. Mr. Serghei Bulgac received 80,000 shares, and Mr. Valentin Popoviciu received 70,000 shares.

3. When were the conditional share options granted?

• The conditional share options were granted on 19 May 2023 and 2 March 2023.

4. Which shareholders’ meetings approved the share options?

• The share options were approved at the shareholders’ meetings on 18 May 2021 and 28 December 2022.

5. What are conditional share options?

• Conditional share options are rights granted to employees or directors to purchase company stock at a set price, contingent upon meeting specific conditions such as performance criteria or a vesting period.

6. What is the significance of the Share Option Plan?

• The Share Option Plan outlines the terms and conditions under which share options are granted and vested, ensuring alignment with the company’s performance and strategic goals.

7. When did the executive directors notify the regulatory authorities about the share options exercise?

• The executive directors notified the Romanian Financial Supervisory Authority (ASF) and Autoriteit Financiële Markten (AFM) on 1 July 2024.

8. Why were the share options granted?

• The share options were granted as part of the company’s incentive plan to reward and retain key executives, aligning their interests with those of the shareholders.

9. Where can more details about the share options be found?

• More details about the share options are available on the company’s website in the “ANNOUNCEMENTS” section.

10. What is Digi Communications N.V.?

• Digi Communications N.V. is a leading European provider of telecommunication services, with significant operations in Romania and Spain, and a presence in Italy, Portugal, and Belgium.

11. How can investors get more information?

• Investors can get more information by visiting the company’s website or contacting investor relations at investor.relations@digi-communications.ro.

SOURCE: Digi Communications NV