Not so flash trading update but Nick says it’s all going to plan so no worries
The paragraph below says they have put about $8m (maybe more)aside for staff incentives (hopefully not just senior management but it does mention retaining global talent) ...
Our forecast for H1 Adjusted Net Profit from continuing operations for the Group is $32m-$35m, which is 22%-28% down on the comparative continuing operations performance last year. The result for the half includes a significant accrual for a redesigned incentive programme, intended to reward better than expected financial performance along with reinforcing specific behaviours necessary to execute the transformation. It recognises the need to retain staff and recruit top global talent through this rapid period of radical transition. If the second half year (H2) performance fails to deliver on our improved outlook, the accrual will be reversed to profit. If not for the accrual, our financial performance in H1 would be close to last year’s.