TGI directors to get £20m shares

TGI Fridays’ top brass will be handed more than £20m worth of shares in the restaurant chain as it debuts in London. The chain’s owner Hostmore will float on the London Stock Exchange next month. The company was spun out of private equity firm Electra and is expected to land a valuation of around £275m, with just over 7pc of shares to be handed to directors and senior managers.