Corporate FX solutions provider Alpha Group International plc (LON:ALPH) has announced that Morgan Tillbrook, founder and former CEO of Alpha Group, has pledged 1,103,555 ordinary shares from his personal holding with a total value of around £28 million (or USD $35 million, based on Alpha’s closing share price of £25.40 on February 11) to members of the company’s senior leadership team.
The company said Mr. Tillbrook’s (incredibly generous) move was to both thank these senior managers for historic performance, and incentivise them for future performance.
Following consultation with major shareholders and advisory bodies, the company’s Remuneration Committee yesterday formally approved the grants, which came into effect immediately. Read More
