Alain Nydegger Joins Multitude's Matching Share Plan

Multitude p.l.c., a European FinTech company, has announced the inclusion of Mr. Alain Nydegger, Tribe CEO of Wholesale Banking, in its Matching Share Plan for 2025-2028. Based in Malta, the company provides digital lending and online banking services.

This plan grants Mr. Nydegger a loan of EUR 200,000 to purchase company shares, repayable by 31 December 2028 with an annual fixed interest rate of 5.5%. The arrangement features standard default clauses and a bad leaver condition.

Mr. Nydegger will receive additional shares equal to his purchase, in a 1:1 ratio, upon meeting the plan's conditions after 2028. The total loan allocation of EUR 1.9 million and share distribution cap of 900,000 remain unchanged. Further details were released in a previous announcement on 29 December 2023.