Vodafone shares offered to staff

Employees at Vodafone NZ can take advantage of a share option scheme launched by parent company Vodafone Group in the UK.

Employees at Vodafone NZ can take advantage of a share option scheme launched by parent company Vodafone Group in the UK.

Nearly 1100 New Zealand employees will be allowed to take out options on shares in the company based on the share price as of July 2. If they are still with the company in three years’ time they can buy the shares at that price.

“It’s an incentive programme to keep people in the company,” says New Zealand spokeswoman Alison Sykora.

The share option scheme will be open to employees in 12 countries - they can buy shares equal to half of their annual salary.

“This is probably one of the largest share offerings of its kind,” says Sykora.

According to the London Stock Exchange website, Vodafone shares were worth £157 - roughly $545 each.

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