Skip to content
Employee Benefits
  • News
  • Jobs
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news UK Retail Share schemes Share schemes

Majestic Wine CEO shares bonus with staff

By Katie Scott 27th July 2016 11:58 am 6th April 2017 3:36 pm
Rowan Gormley

Majestic Wine chief executive officer Rowan Gormley has requested that his share award bonus be distributed among 493 eligible employees, potentially netting each member of staff approximately £14,000.

The share awards will take the form of a one-off payment to current employees who are members of the organisation’s long-term incentive plan, which is available to staff at store manager level or above.

Delivery of the bonus is dependent on the group achieving its total shareholder return performance criteria between the financial years 2017 to 2019, with the award vesting between March 2019 and 2021.

Gormley currently owns 4,528,881 shares, which he acquired through the sale of Naked Wines to Majestic for £70 million in 2015.

Gormley (pictured) said: “We are committed to delivering shareholder value by doing the right thing for our people, customers and suppliers. [The] share awards show that we’re serious about aligning our people and our shareholder’s interests, we are committed to delivering our transformation plan [and] we are focused on investing in our people to reward the delivery of sustainable growth in the whole group.”

news Share schemes

Employees saved £156 a month into sharesave schemes in 2015

8th June 2016 11:48 am 6th April 2017 3:36 pm
news Opinion Share schemes

Raoul Parekh and Anne Croft: What could Brexit mean for share schemes?

31st May 2016 3:20 pm 6th April 2017 3:36 pm
news Share schemes

Chobani CEO gives shares to 2,000 staff

29th April 2016 9:25 am 6th April 2017 3:36 pm
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest Articles
news Mental health resilience

Weir Group receives mental health support recognition

5th June 2023 11:00 am 5th June 2023 11:00 am
news Benefits for carers

Kearney implements new Europe family support package

5th June 2023 10:29 am 5th June 2023 10:29 am
news Total reward

Exclusive: Aldi Stores and Lidl GB shortlisted for Best healthcare and wellbeing benefits

5th June 2023 9:00 am 5th June 2023 9:59 am
news Employee wellbeing

Neora implements Bare Minimum Mondays

2nd June 2023 9:30 am 1st June 2023 3:44 pm

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • About Employee Benefits
  • Twitter
  • LinkedIn

Copyright @ 2021 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB