Managers of the INVL Technology portfolio company NRD Cyber Security will get option incentives

The managers of NRD Cyber Security, a cybersecurity company owned by the IT business investment company INVL Technology, will be given the incentive of options to acquire shares of the company. The Investment Committee of INVL Technology agreed that the managers of NRD Cyber Security will be able to acquire up to 10% of the company’s shares and thus participate in the increase of the company’s value.

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This is the first company to benefit from the type of employee incentive programme approved at the extraordinary general meeting of shareholders of INVL Technology held on 29 October this year. One of the most important objectives is the engagement of key employees in the growth of the company’s value, so it is planned to allocate up to 10% of the growth in the company’s value exceeding the minimum annual return of 15% agreed by the parties, calculated against the initial value of EUR 6.6 million at the end of 2019.

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Considering the services being developed by NRD Cyber Security and its proprietary products as well as their establishment on the global market, INVL Technology expects that NRD Cyber Security’s compound growth rate from the start of operations through 2024 will exceed 30% per year.

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