Based on the average share price over the past 40 days of 234p, the total bonus pot is worth £240m. Melrose Industries, the UK engineering firm, has awarded its four top directors a shared bonus of £160m ($206m), one of the largest in the country's history. The company said it had been "pleased to have reached an agreement with our board and management team on this important matter". The four directors, who will receive £40m each in shares, already own 2.25% of the company collectively, and this figure will rise to 3.1% following the award.
Melrose Industries, the UK engineering firm, has awarded its four top directors a shared bonus of £160m ($206m), one of the largest in the country's history. The company said it had been "pleased to have reached an agreement with our board and management team on this important matter". The four directors, who will receive £40m each in shares, already own 2.25% of the company collectively, and this figure will rise to 3.1% following the award.