THE Spar group is selling a 10percent stake to staff and franchise employees in a R1billion deal to meet affirmative action targets.
THE Spar group is selling a 10percent stake to staff and franchise employees in a R1billion deal to meet affirmative action targets.
It plans to issue 18,9million convertible, redeemable preference shares representing 10percent of its total share capital after the deal.
Staff who join the scheme will be locked in for 7 years, providing an incentive to stay with the company. - Sapa
Spar offers stake to staffers
THE Spar group is selling a 10percent stake to staff and franchise employees in a R1billion deal to meet affirmative action targets.
THE Spar group is selling a 10percent stake to staff and franchise employees in a R1billion deal to meet affirmative action targets.
It plans to issue 18,9million convertible, redeemable preference shares representing 10percent of its total share capital after the deal.
Staff who join the scheme will be locked in for 7 years, providing an incentive to stay with the company. - Sapa
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending
Latest Videos