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Latest property news
Kerching! More ‘golden handcuffs’ revealed for TPFG directors
Parent company of brands including EweMove and Martin & Co grants significant new share options to management team.
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Latest property news
Savills senior team cash in share options worth £4.5m
Read how senior managers and directors have this year cashed in shares worth just under £4.5 million from the company's two annual bonus schemes.
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Latest property news
ZPG’s Alex Chesterman awarded ‘golden handcuffs’ worth £3.1m
ZPG CEO Alex Chesterman has been given a set of golden handcuffs worth £3.12 million by the company’s remuneration committee. The share options, in which stock in the company is essentially given away free under ZPG’s Nil Cost Option plan for senior employees, can then be cashed-in at a later date. Alex can sell the shares based on a two-tiered set of rules. Half the shares can be sold when a pre-set level of shareholder return is reached, while the other half will be handed over or vested based on time limits. He will get the first tranche of shares at the end of September 2018 and the rest on the same date the following year. Alex is likely to get his shares, given the company’s past performance. In November last year ZPG revealed that it revenue increased by 24% to £244.5 million compared to the 12 months before, and that its share dividend payments had increased by 10%. He has cashed in shares in the past and takes home approximately £1 million a year, helping fund his well-known love of fast sports cars, and the recent purchase of a £6.6m holiday home in the US on Palm Beach in…
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Latest property news
Purplebricks Australia boss cashes in shares worth £146,000
The CEO of Purplebricks Australia has cashed in shares worth £146,000 after exercising his share options in the company, it has been revealed, just after the one-year anniversary of the country launch. Ryan Dinsdale (pictured, right), who joined Purplebricks in June 2016 following time spent at Virgin Money, Telstra and an online broker in Australia, has led the Purplebricks operation in Oz to recent success including, so far, sales totalling property worth $1 billion AUS. His team earlier this week reported revenues of £6.8 million and a gross profit of £3.6 million, and an average income per instruction of $5,282 AUD. He has also increased the number of Local Property Experts working for Purplebricks in Australia to 105, the company’s latest interim trading statement says. Austrian market share It also says that Australia has been more successful than the UK by one measure – market share – which is now higher than the UK 74% of the online market. At the same time Ryan sold his shares, Purplebricks revealed that a further 1.17 million ordinary share options have been exercised by “certain employees”, indicating that some original founding but non director-level staff at the company have also cashed in shares…
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