(Alliance News) - Premier Miton Group PLC said Friday it has adopted a Share Incentive Plan under which eligible employees may participate.
The purpose of the Share Incentive Plan is to provide employees with the opportunity to acquire shares of 0.02 pence each in the company in a tax-effective way, the company said.
Premier Milton Group said it is anticipated that the first purchase will be made in early February.
Under the Share Incentive Plan, UK based employees will have the opportunity to acquire partnership shares, matching shares, on the basis of one matching share for every partnership share bought, and dividend shares.
In addition, the company may award free shares to eligible employees up to GBP3,000 each tax year.
Premier Miton Group shares were down 1.3% in London at 175.20 pence each on Friday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Premier Miton (PMI)