Senior executives at Capco, the Covent Garden owner, are to receive shares worth £7.4 million when the West End property group completes its merger with Shaftesbury.
Ian Hawksworth, who will lead the combined company, will receive 2.35 million shares, currently worth £3.5 million. Situl Jobanputra, the finance director, is in line for £2.3 million. Shaftesbury’s senior executives will receive shares worth £5.3 million.
Under the terms of each company’s remuneration policy, the share awards vest automatically on completion of the deal. Capco’s executives will be required to keep the shares for two years.
To read the full story, please click here.
