The Hut Group (THG), the British e-tailer, has announced to gift shares to 500 of its employees who are below executive level.
These employees are subject to different targets being achieved.
The latest initiative stays consistent with THG’s strong track record of incentivising its staff, besides luring and retaining world-class talent.
THG, reportedly, stated an application has been made to the Financial Conduct Authority (FCA) and the London Stock Exchange for 24,806,893 ordinary voting shares of £0.005 each (ordinary shares) to be admitted to trading on the stock exchange and to be admitted to the FCA’s Official List.
Notably, the admission of the ordinary shares is expected to become effective from today (14 June 2022).
Reportedly, when issued, these ordinary shares will rank with the existing ordinary shares of the company.
Founded in 2004, THG operates more than 100 international websites that take brands direct to consumer through its proprietary e-commerce platform called ingenuity.
