28th Oct 2014 12:34
LONDON (Alliance News) - Miton Group PLC Tuesday said it has launched a share incentive plan to its UK employees with expectations of purchases to begin before the end of October.
Miton launched the share incentive plan to allow employees to purchase shares in the company in a tax effective way over three years, it said in a statement.
Employees can contribute up to GBP1,800 per tax year, or 10% of their taxable earnings to purchase shares. If Miton pays a dividend to shareholders, the shares bought through the scheme will qualify to receive a dividend payment.
Milton shares were down 2.4% to 30.00 pence per share Tuesday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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