RINA Launches Management Shareholding Scheme

(Press Release)
Friday, June 01, 2012

International classification society RINA has introduced a management shareholding scheme which will increase group capital by Euro 12 million and give managers across the group the opportunity to share in RINA’s growth.


In the first tranche almost 50 per cent of the available shares have been taken up by 90 managers, who have paid Euro 6 million for 2,840 shares, around 5 per cent of the group capital. A further tranche of 3,000 shares will be released to staff over the next four years.

Ugo Salerno, Chairman and CEO of RINA Group says, “In the last year we have made a number of significant acquisitions, increasing group turnover by 50 per cent, and radically overhauled our internal structures so that we set innovation free. This scheme gives our managers a chance to buy into the growth of RINA. It provides the group with new capital to fund further acquisitions and at the same time gives our key staff a stake in their own future. Being a shareholder is truly motivating and the scheme will benefit both the individual investors and the group as a whole. An exciting internal dialogue is now underway in RINA, creating a climate for innovation and creativity. There is a positive feeling everywhere that with our new structures and new partners and now this staff shareholding scheme we can do more for our clients in more places.”

The RINA group diversified strongly last year and invested more in areas of the world with growing economies, ending the year with a turnover of Euro 249 million. That is expected to surpass Euro 300 million in 2012.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Court: Japan's Mitsui Paid to Release Ship

China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money.

Fredriksen Joins Rival for New Capesize Firm

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which

Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling.

Classification Societies

RINA Launches Notation for Eco-ships

International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

GEIMS Maritime Training accorded highest grade from DGS

Great Eastern Institute of Maritime Studies (GEIMS) is now the first approved maritime training Institution in India to achieve the 'outstanding (A1)' grade. The

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1425 sec (7 req/sec)