SUPERGROUP FOUNDERS TO RE­WARD STAFF IF SHARES RISE

Shares - - STORY IN NUMBERS -

EM­PLOY­EES OF SUPERGROUP (SGP) will share a po­ten­tially large pot of money do­nated by the com­pany’s founders if the cloth­ing re­tailer’s share price trades above £18 be­tween 1 Oc­to­ber 2017 and 30 Septem­ber 2020. The shares cur­rently trade at £15.66.

Ju­lian Dunker­ton and James Holder will trans­fer into a fund 20% of their share price gain above the £18 level. For ex­am­ple, hit­ting £23 per share would see the founders put

£30m into the pot and di­vide it up among all staff in­clud­ing part-time work­ers, but ex­clud­ing the board.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.