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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