Frasers Group has reportedly unveiled a new incentive scheme that places its staff in line for a share of a £100 million payout.
According to The Times, the Mike Ashley-owned retail company is putting forward a resolution before its AGM on October 7 for an award plan for staff who have earned it.
In order for the payout to happen, Frasers Group’s share price must rise at least £10 – more than double yesterday’s closing price of £3.61 – consistently over the next four years.
You can read the full Retail Gazette article here: https://www.retailgazette.co.uk/blog/2020/09/mike-ashleys-frasers-group-unveils-100m-incentive-for-staff/
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