Macquarie offers ordinary shares to employees
Eligible employees will each be offered up to $1,000 of ordinary shares under the Macquarie Group Employee Share Plan.
Macquarie stated that the shares will be allotted on or about 28 December 2011 to around 6,024 eligible employees. The exact number of shares will be advised after the allotment, the group stated.
"The ordinary shares will be issued at the weighted average price at which ordinary shares are traded on the ASX in the one week period up to and including the trading day prior to the allotment date and will rank pari passu with all other ordinary shares then on issue," Macquarie's release read.
Macquarie stated that the offer is subject to ASIC Class Order 'Employee share schemes' and shareholder approval is not required for the issue of ordinary shares.
In the company's annual general meeting in July, Macquarie chief executive Nicholas Moore said there were challenging conditions ahead for the company.
The latest announcement follows Macquarie posting a net profit after tax of $305 million for the half-year ended 30 September 2011, down 24 per cent on the same period last year.
AUTHOR
Andrew Tsanadis
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