Company flotation brings joy to JSOP participants

Posted by admin at 15:51 on 13 Feb 2017

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The successful online grocery retailer, Ocado, is due to float on the stock market in a few weeks when founders will share a £430m outcome. Ocado have priced their shares at between 200p and 275p which would give them a value of up to £1.2bn.

The founders of the company along with fifteen directors and senior managers have invested a total of £1m of their own money into a Joint Share Ownership Plan (JSOP) and will see the investors receiving a 30-fold return after only 4 years.

Once quoted, Ocado will offer its shares to employees and customers who spent more than £300 this year in addition to institutional investors.

To find out more about the JSOP and other employee share schemes, such as, the Enterprise Management Incentive (EMI) and the Company Share Option Plan (CSOP), call our experts on 020 8949 5522.