
Reassuring employeesĪs share prices were relatively low, employees could see great returns if the share price recovered by January 2021. There was also a choice to opt into the scheme on a voluntary basis for those earning below £40,000. The number of shares was calculated based on the average price of three days in April 2020 when the plan launched, with the award vesting in January 2021. Who, what and how?įor executive directors and dmg media, DMGT and Landmark employees in the UK, US, Australia and Ireland earning above £40,000, DMGT offered the opportunity to take a three-month reduction in pay of up to 30% in exchange for company shares of an equivalent value. It aimed to free up cash while providing employees with a reason to engage in the success of the company during the COVID crisis.
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