Success of EQ Investors’ employee share ownership plan

Employee ownership stands at 22% of the ordinary shares.

FacebooktwitterlinkedinmailFacebooktwitterlinkedinmail   by Ben Faulkner, 24th July 2018

EQ Investors Group Ltd (EQ), today announces the successful launch of its share ownership plan, in which a significant number of employees took part.

Employee share ownership today totals 22% of the group’s ordinary share capital, making EQ employees the third largest shareholder.

EQ’s Chief Executive, John Spiers has also gifted 31% of the ordinary shares to the EQ Foundation, a registered charity linked to EQ. The EQ Foundation aims to help disadvantaged people, mainly in the UK through grants, donations and impact investments.

John Spiers, commented: “The number of employees subscribing to the employee share ownership plan has exceeded my expectations and demonstrates tremendous confidence by staff in EQ’s philosophy and long-term prospects.

“As a long-standing advocate of employee share ownership, I have seen first-hand the strategic and ethical rewards of adopting a model which aligns the interests of employees with that of the business.”

Relaunched as EQ Investors in October 2014, assets under management have since doubled to over £800 million.

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About the author: Ben Faulkner

Ben joined EQ in 2015 and has over 14 years’ of experience across the pensions, financial technology and wealth management sectors. At EQ, he is responsible for developing, managing and implementing the marketing communications strategy. Outside of work, Ben’s two daughters keep him busy. He enjoys keeping fit, especially running and cycling along the Pilgrim’s Way.
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