The IT services group Novian has made use of stock options as an employee benefit. This modern financial instrument has been used under a stock option programme for employees of businesses owned by INVL Technology, which owns Novian.
The programme, which ran from 2021 to 2023, envisages that the INVL Technology stock options may be exercised after three years.
“We believe the opportunity to take part in the option programme and become shareholders of INVL Technology has added greater motivation to seek the growth in value of Novian and at the same time INVL Technology, and when successful, to receive benefits related to that,” says Novian group CEO Tomas Vitkus.
In three years, a total of more than 60 Novian group employees signed stock option contracts with INVL Technology. Based on the contracts exercised this year, some of them obtained almost 17,000 such shares.
INVL Technology is a closed-end investment company whose investments in target companies must be sold by mid-July 2026 and the proceeds paid out to shareholders. The total number of INVL Technology shares as of February 2025 was 12.175 million.
