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

Finance

Cecon Secures Finances to Complete Newbuild

Cecon ASA has petitioned for a debt restructuring agreement (in Norwegian: gjeldsforhandling). Certain funds managed by York Capital Management Global Advisors,

Libyan State Oil Firm NOC Will Remain Independent

Libya's Tripoli-based state firm National Oil Corp (NOC) will remain independent, it said on Thursday, in an apparent attempt to reassure foreign oil buyers it will stay out of the country's conflict.

Oil Prices Retreat from Short-covering Rebound

Global crude prices fell more than $1 a barrel on Thursday, retreating from a short-covering charged rally as traders bet the market had not shaken off a six-month long rout on oversupply concerns.

Classification Societies

LR Supports Chinese Recycling Yards' EU Application

LR’s initial verification of the Ship Recycling Facility Plans for both Zhoushan Changhong International Ship Recycling Co. Ltd. and Jiangyin Xiagang Changjiang

NKCS Approves FROSIO Inspector Programs

ClassNK Consulting Service Co., Ltd. has announced the agreement concerning the Certifying Body of FROSIO, as an internationally recognized coating inspector’s qualification.

Maaskant Shipyards Earns ISO 9001:2008 Certificate

Maaskant Shipyards (Stellendam), part of Damen Shipyards Group, has received certification from Bureau Veritas for aligning its quality and management systems with

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1462 sec (7 req/sec)