Royal P&O Nedlloyd buys shares for employee share plan
Following last month’s listing of Royal P&O Nedlloyd on the “Euronext” stock exchange in Amsterdam, the company said Tuesday it has begun buying about 100,000 of its own shares to give to its employees.
Under the “employee share gift plan,” company will give all eligible employees 10 shares each to mark the company’s public listing.
The program represents a minute percentage of the company’s 40.6-million issued shares.