{"id":3323,"date":"2023-10-02T06:32:36","date_gmt":"2023-10-02T06:32:36","guid":{"rendered":"https:\/\/www.ut.lt\/?post_type=naujienos&p=3323"},"modified":"2023-10-02T06:32:36","modified_gmt":"2023-10-02T06:32:36","slug":"sba-group-offers-utenos-trikotazas-management-the-opportunity-to-acquire-10-of-the-companys-shares","status":"publish","type":"naujienos","link":"https:\/\/www.ut.lt\/en\/news\/sba-group-offers-utenos-trikotazas-management-the-opportunity-to-acquire-10-of-the-companys-shares\/","title":{"rendered":"SBA Group Offers Utenos Trikota\u017eas Management the Opportunity to Acquire 10% of the Company’s Shares"},"content":{"rendered":"\n

Continuing its practice of motivating executives, SBA Group has signed an option agreement with three executives from Utenos Trikota\u017eas, allowing them (along with their spouses) to collectively acquire up to 10% of the shares of one of Central and Eastern Europe’s largest textile manufacturers. Upon meeting the specified conditions, the company’s CEO, Nomeda Kau\u010dikien\u0117, could acquire up to 5% of the shares for a nominal price, while the Chairwoman of the Board, Dovil\u0117 Tamo\u0161evi\u010dien\u0117, and the Director of the Production Department, Lina Ska\u010dkovien\u0117, could each acquire 2.5% of Utenos Trikota\u017eas shares.<\/strong><\/p>\n\n\n\n

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Nomeda Kau\u010dikien\u0117<\/figcaption><\/figure>\n\n\n\n
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Dovil\u0117 Tamo\u0161evi\u010dien\u0117<\/figcaption><\/figure>\n\n\n\n
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Lina Ska\u010dkovien\u0117<\/figcaption><\/figure>\n<\/figure>\n\n\n\n
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opportunity to become co-owners of our businesses and share in the profits. Our longstanding track record testifies to this. Such a partnership is both an expression of trust and a shared journey towards victories. Being a business owner and feeling a ‘skin in the game’ obligation further reinforces the commitment. The executives of ‘Utenos Trikota\u017eas’ have already demonstrated competence, immense determination, ambition, and the ability to transform the company, significantly strengthening its leadership in competitive global textile markets,”<\/p>\nsays Ar\u016bnas Martinkevi\u010dius, President of SBA Group.<\/cite><\/blockquote>\n\n\n\n

The progressive model of share and option-based motivation has been in use within SBA Group companies for some time now, and executives in furniture, textile, and real estate companies have become business partners or option holders.<\/p>\n\n\n\n

Utenos Trikota\u017eas is the largest and one of the most sustainable knitwear manufacturers in Central and Eastern Europe. Its specialized focus is on-demand ready-to-wear production and jersey fabric development for leading international brands. Utenos Trikota\u017eas employs a vertically integrated production model, where the entire production process from yarn to finished products is completed under one roof.<\/p>\n\n\n\n

As part of SBA Group, comprising over 30 companies, Utenos Trikota\u017eas Group operates three factories \u2013 AB “Utenos Trikota\u017eas” (Lithuania), AB \u0160atrija (Lithuania), and OAO Mrija (Ukraine). The organization places a premium on environmental and social responsibility, utilizing organic fibers, non-toxic chemicals, ensuring fair employee compensation, and maintaining transparent production processes. The global environmental organization Greenpeace has recognized SBA Group’s Utenos Trikota\u017eas as the first in the world to meet the Greenpeace textile production standard. Utenos Trikota\u017eas Group’s revenue amounted to EUR 34.5 million last year.<\/p>\n","protected":false},"featured_media":2780,"template":"","naujienu_kategorijos":[22],"class_list":["post-3323","naujienos","type-naujienos","status-publish","has-post-thumbnail","hentry","naujienu_kategorijos-for-investors"],"acf":[],"yoast_head":"\nSBA Group Offers Utenos Trikota\u017eas Management the Opportunity to Acquire 10% of the Company's Shares - Utenos | Customized Jersey Specialists<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ut.lt\/en\/news\/sba-group-offers-utenos-trikotazas-management-the-opportunity-to-acquire-10-of-the-companys-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBA Group Offers Utenos Trikota\u017eas Management the Opportunity to Acquire 10% of the Company's Shares - Utenos | Customized Jersey Specialists\" \/>\n<meta property=\"og:description\" content=\"Continuing its practice of motivating executives, SBA Group has signed an option agreement with three executives from Utenos Trikota\u017eas, allowing them (along with their spouses) to collectively acquire up to 10% of the shares of one of Central and Eastern Europe’s largest textile manufacturers. 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