11 July 2014

Slater & Gordon offers shares scheme to employees

Slater & Gordon is introducing a share scheme in Australia and the UK through which it will match the investment of each employee up to A$500 or £375 with a contribution of its own.

By Neasa MacErlean

Slater & Gordon offers shares scheme to employees Passion Images

The firm has told the Australian stock exchange that it is introducing the share plan in order ‘to encourage staff retention, drive achievement of performance objectives and further align employee and shareholder interests’. As an ABS (alternative business structure), it is free to make such moves. Explaining the structure, it said: ‘Initial grants are intended to be made on a ‘matching offer’ basis. That is, [S&G] will match on a 1 for 1 basis employees who invest in shares up to a limit of approximately $500 for each participating employee in Australia and £375 for each participating employee in the UK.’ Source: Legal Futures

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