Sir Christopher Gent, Chief Executive of Vodafone said to the press: We want all employees to think and act like owners and we are therefore extending the share options that we have granted to all of our UK and US employees, to virtually all employees in our subsidiaries around the world. As we increasingly act and organise ourselves as a single global group with a consistent vision and set of objectives, this move will be critical in ensuring the commitment and motivation of our employees on whose support we depend.
Vodafone offers share options to 42,000 employees
Vodafone Group Plc has granted share options to more than 42,000 employees in 12 subsidiaries around the world, under the terms of the Vodafone Group 1999 Long Term Stock Incentive Plan. This grant will involve approximately 238 million shares with a provisional grant value of over £375 million. The share options can be exercised after 3 years and up to 10 years after the grant date.