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CPALL taps the stock accumulation program for employees at 5% per month and the company contributes an additional 80%.
On August 10, 2023, the Board of Directors’ meeting of CP All Public Company Limited approved an employee share program to allow employees to participate in the ownership of the company. and increase engagement with the organization
The form of the stock accumulation program is The company will deduct the salary of employees. 5% of salary And the company will buy contribution shares for 80% of the deducted salary and will bring the employee’s accumulation together with the company’s contribution. to buy CPALL shares within the specified date of every month Which has a project period of 3 years from 1 Oct. 2023 – 30 Sep. 2026
Which must be employees from the level of assistant department manager up. and have a working period from the date of cumulative payment not less than 3 years
Benefits
- Dividends go directly to employees.
- When a price benefit is sold, it goes to the employee.
- Employees can exercise other rights in the shares they hold, such as the right to subscribe for capital increase shares. Warrants for attending the shareholders’ meeting
Source
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