Thousands of Smiths Group workers to receive shares worth up to £400

• Engineering conglomerate Smiths Group is awarding more than 10,000 permanent staff members shares worth up to £400 to mark its 175th anniversary.
• The one-off share award will be granted to both full-time and part-time employees globally who were employed by 30 October.
• Staff must remain with the London-listed firm until November 2028 for the shares to vest and for ownership to be transferred.
• Employees based in countries where shares cannot be granted will receive an equivalent cash-based award instead.
• Smiths Group recently reported an adjusted operating profit of £399 million for the year to the end of July, up 2.1 per cent on the previous year.

IN FULL

Smiths to give 10,000 workers up to £400 in shares – but there’s a catch