Shares incentive for Victoria cfo
Flooring group Victoria is to reward Michael Scott, chief financial officer, with 5,000 shares as part of a management incentive plan.
Scott, who joined on 4 January, has been given 5,000 B shares in a new intermediate holding company. Between the second and third anniversaries of him joining he will be able to swap those for Victoria shares, worth £69,375 at the group’s current share price.
No other board members can take part in the scheme, described as ‘subject to good leaver and bad leaver provisions and closely aligned with the interests of the company's shareholders.’