Royal Mail employees to be offered shares in privatisation bid
Around 1,300 employees in Gloucestershire will be offered shares in Royal Mail as it becomes privatised.
The Government announced this week it would be floating Royal Mail on the London Stock Exchange.
Around 1,300 employees in a GL postcode are eligible for the free shares, which will make up 10 per cent of those available.
It is said to be the largest free allocation of shares of any major UK privatisation.
Moya Greene, chief executive officer, Royal Mail Group said: “Our people are the heart of our business at Royal Mail.
“By owning ten per cent of the company, together we will have a meaningful stake in the business.
“I think this will engage everyone and encourage us to continue to work together to build a great future for Royal Mail.”
Overall around 150,000 eligible Royal Mail employees will receive in the post an information guide which sets out the details of the Royal Mail Employee Share Offers.