Entain launches a share ownership plan for more than 22,500 employees worldwide to give them the opportunity to share in the success and growth of their business.
It should be noted that employees at all levels of the company can apply to join the Entain ShareSave plan. In this regard, the group hopes to put ownership of the shares within everyone's reach and explains that the monthly contributions will be between £ 5 and £ 100 for three years, after which they will have the option to buy shares in Entain for 20%. less than its market value at the beginning of the invitation period. Alternatively, they can retain the stock as shareholders in the company, or simply take their savings back.
Entain also explains that ShareSave will initially be offered to colleagues working in countries representing around 99% of its workforce, also including the Philippines, India and Bulgaria. The company said it had initially placed a £ 100 monthly cap on contributions to reflect the truly global nature of its business and currency differences across the workforce, with the aim of maximizing the appeal to all colleagues.
Jette Nygaard-Andersen, Chief Executive of Entain, highlights that the group has had a great performance thanks to the work of the entire team and says: "Building a strong customer-centric culture where everyone contributes and shares in our continuing success is really important, so this plan is designed to be attractive and accessible to all ".
The company has said it intends to increase those eligible to join the plan in future years as it continues to grow through acquisition.
Under the terms of the plan someone putting aside £ 50 monthly would save £ 1,800 over the period, compared to £ 3,600 with the maximum £ 100 a month. After applying the 20% discount, this would buy 142 or 284 Entain shares. The new plan is being implemented this year as approved by shareholders at the company’s last annual meeting.
18+ | Juegoseguro.es – Jugarbien.es
