Over 800 employees at Bank of Bermuda have been given share options as a reward for their high performances, the bank announced on Monday.

The employees whose "exceptional performance'' were reflected in their annual performance review, are from around the world and come from every level of the bank.

Shares at the bank closed yesterday at $50.75, up 0.5 percent or 25 cents after the news was announced in the morning.

"We strongly believe that our employees should be able to benefit from the success they have helped build -- and position themselves to benefit from our company's future success,'' said Mark Perreault, global head of human resources.

"Our annual profit share is one way to show our appreciation for the dedication of all our employees. The share option plan is an additional way of further rewarding performance that has been consistently outstanding throughout the year. Exceptional performance will be recognised at every level of the bank.'' Mr. Perreault went on to say that the bank, which is Bermuda's largest bank, aims to be an employer that offers all of its employees clear promotion opportunities, a fulfilling work environment, competitive remuneration and a vested interest in helping the business succeed in the future.

He added: "We are highly conscious that our business success will depend upon the accomplishments of our work force and we will work tirelessly to retain, motivate and attract talented high-performing employees.''