SuperGroup founders to reward staff if shares rise

Retailer announces unusual staff reward scheme
Thursday 14 Sep 2017 Author: Daniel Coatsworth

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.

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