Banco Sabadell will give 300 shares to each employee as compensation for the “effort” in the face of BBVA’s failed takeover bid

Banco Sabadell is still emotionally hungover after the failure of BBVA’s takeover bid, which barely added 25% of the support among the shareholders. The Catalan’s victory against the group of Basque origin has been experienced as a collective triumph among the team led by Josep Oliu, who now wants “reward” the staff “for the effort made” throughout this almost year and a half and will give all employees 300 shares of the bank itself.

As ‘La Información Económica’ has learned from workers’ sources, the Vallesan has told them that he will grant this number of titles on an individual level, although it is not yet known when the entertainment will materialize, which gives them the right to participate in the distribution of dividends. In the short term, the distribution of 0.07 euros per title is pending to be paid on December 29, an amount to which is added the extraordinary payment of 0.5 expected once the transfer of its business in the United Kingdom, TSB, to Banco Santander is completed.

Predictably, the transaction will close next March, so these shares would give you the right to receive 150 euros. Additionally, this package 300 titles will have tax advantagessince if they maintain them within a period of three years they will be tax-free. With data from this Wednesday, Banco Sabadell shares They are trading at around 3.2 euros, with a drop of less than 1%.

Most messages sent from management in the last two weeks They collect part of that gratitude to the 14,000 workers of the group. The president of Sabadell, Josep Oliu, has admitted on more than one occasion that they would throw a party if the takeover bid finally failed. The bank has kept its word and has called up the squad on November 15 at the Palau San Jordi in Barcelona.

The event will start at noon and will be a “playful meeting” that aims to recognize, verbatim, their involvement throughout the event. this time, although it will not “be uncontrolled”. The low level of acceptance has been a surprise for the bank’s leadership, who until the moment the National Securities Market Commission (CNMV) revealed said percentage “were convinced” that they would go for a second takeover bid.