Bridget Harris

So somebody asked me this morning, why didn't we do share options?

And actually, I mean, share options are quite good and tax efficient for people in one country.

But for us, we had to look at a scheme that was going to apply in multiple countries.

So this is what it looks like in terms of the employee.

You start at 0.25 points.

By a year and a half, you've got 1.5 points.

And that's when you become eligible.

You then get that payment.

We will then work out how much profit we've made in that quarter and we pay it out in arrears.

So at the end of the seventh quarter, we'd pay it out.

Then it keeps on going up.

And then after four years, as I said, you'll be making the maximum percentage.

So this is an illustration.

So let's say you've got seven employees.

The guys there over on the right have just started, just become eligible.

The guys on the left have been here for a while.

So on a $25,000 profit, so it would be $250,000 of actual profit and you're paying 10% out.

If you've been with us for the longest, you'd be getting just under $5,000.

If you've just become eligible, you'd be getting just under $2,000.

So anybody inside our company can do the maths.