The uk ’s largest estate agency group has announced a planned bonus that would have awarded a total of £ 20 m ( $ 25 m ) to three executives , depending on the company ’s share price performance over the next three years , following complaints from investors . Earlier this month , shares in Countrywide , whose shareholders include Bairstow Eves , partners , investors and John ##worth Wood , fell when the company said it needed to raise funds . Auditors warned the company , which hopes to raise £ 140 m from shareholders , might not remain in businesss . A subdued housing market means that other companies , including Foxtons , have warned of challenging trading practices .
The UK’s largest estate agency group has cancelled a planned bonus that would have awarded a total of £20m ($25m) to three executives, depending on the company’s share price performance over the next three years, following criticism from investors. Earlier this month, shares in Countrywide, whose brands include Bairstow Eves, Hamptons, Mann and John D Wood, fell when the company said it needed to raise funds. Auditors warned the company, which hopes to raise £140m from shareholders, might not remain in businesss. A subdued housing market means that other companies, including Foxtons, have warned of challenging trading conditions.