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Friday, 1 June 2012

RINA launches management shareholding scheme

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.

The RINA Group is an international company that helps enterprises and communities to achieve greater competitiveness and effective risk management through the conception, creation, management and assessment of projects. The Group has developed the best competencies and combined them with its own values of integrity and responsibility, gained in over 150 years of experience, into a way of working that
meets the highest expectations. RINA Group delivers advanced technical competency through a network of companies dedicated to different sectors covering Environment and Quality, Energy, Maritime, Ethics and Safety, Food Production and Healthcare, Infrastructures and Constructions, Logistics and Transport. With a turnover of around 300 million Euros in 2012, over 2,100 employees, and 130 offices in 42 countries worldwide, RINA meets the needs of its clients and is recognized as an authoritative member of key international organizations and an important contributor to the development of new legislative standards. www.rina.org 

For more information:

Claudia Filippone
Head of Media Relations RINA
+39 010 5385643

Giulia Faravelli
Media Relations
+39 010 5385505

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