Macquarie Group’s $686m share and promotion prize pool
Macquarie Group high performers now know the value of the share and promotion awards they are likely to participate in this year.
The group notified the Australian Securities Exchange (ASX) on Friday that the acquisition of Macquarie ordinary shares required for the 2025 profit share and promotion awards under the Employee Retained Equity Plan (MEREP) had been completed.
It said a total of approximately $686 million of Macquarie ordinary shares were purchased at a weighted average purchase price of $209.72 per share “which will determine the number of 2025 MEREP Awards staff receive”.
The ASX announcement noted that the company’s annual general meeting would consider a proposal for shareholder approval of the allocation of Restricted Share Units to the managing director and chief executive under the MEREP.
It said the Acquisition price of the RSUs to be allocated to the CEO will be $209.72 with the proposed allocation being $67,590 RSUs.
I think these numbers are too low. Especially if you live in major cities. I try to ensure none of…
Are Interprac / Sequoia going to pay the 10’s of $$ millions in AFCA complaints ? Even after Macquarie &…
Always back self interest when a body is marketing a submission to the government
In other words the system is achieving what the government wanted to happen.
Every day I come on here it feels like it is just the SMC trying to lobby to make one…