TRA - Turners Automotive Group [previously TNR - Turners Limited]

[Sideshow Bob]

Turning employees into shareholders....

Turners launches employee share scheme - NZX, New Zealand’s Exchange

Turners launches employee share scheme

Turners has partnered with online investment platform Sharesies to launch an employee share scheme. The scheme provides the opportunity for permanent (part-time and full-time) employees of the business to invest $1,000 and receive $1,500 worth of shares at the completion of a 3 year vesting period. In order to encourage broad participation the company is also offering a three year interest free loan to acquire the shares to all staff.

Turners’ Chairman Grant Baker said “Engagement of our team has been a key focus for a number of years. We’ve already seen major improvements, and this is another initiative to further engage our team. We believe incentivising employee share ownership is an important part of aligning the interests of our team and shareholders. It is also another core benefit we can offer people as a locally owned NZX listed business. “

The company have worked with Sharesies to ensure that our team can easily access, see and track the value of their shares. Turners envisage issuing shares under this initial launch of the scheme on 24 August 2022.

ENDS

[Ggcc]

Turning employees into shareholders....

Turners launches employee share scheme - NZX, New Zealand’s Exchange

Turners launches employee share scheme

Turners has partnered with online investment platform Sharesies to launch an employee share scheme. The scheme provides the opportunity for permanent (part-time and full-time) employees of the business to invest $1,000 and receive $1,500 worth of shares at the completion of a 3 year vesting period. In order to encourage broad participation the company is also offering a three year interest free loan to acquire the shares to all staff.

Turners’ Chairman Grant Baker said “Engagement of our team has been a key focus for a number of years. We’ve already seen major improvements, and this is another initiative to further engage our team. We believe incentivising employee share ownership is an important part of aligning the interests of our team and shareholders. It is also another core benefit we can offer people as a locally owned NZX listed business. “

The company have worked with Sharesies to ensure that our team can easily access, see and track the value of their shares. Turners envisage issuing shares under this initial launch of the scheme on 24 August 2022.

ENDS

Happy staff, thriving business.

[Rawz]

This is really cool. Great for the staff and they are buying in at a good level.
Awesome that its through sharesies as well. its a very user friendly system. Perfect for new investors of which im guessing most of TRA employees would be new to investing.

Sharesies should partner with other NZX listed companies. Get more kiwis invested into shares. Housing isnt the only option

[winner69]

TRA share price was about 350 not that long ago and was heading down further ..... now its getting close to 4 bucks

That's good

[blackie]

"Turners launches employee share scheme"

congratulations TRA. very classy

[winner69]

Anybody know if Tina going to turn up at the ASM tomorrow

Need to know - if she is I'll give the meeting a miss

[sb9]

Anybody know if Tina going to turn up at the ASM tomorrow

Need to know - if she is I'll give the meeting a miss

I'm sure there'll be few pics of her at the ASM preso.

Someone's happy to accumulate decent parcels currently, hopefully 2 Cheap Cars (NZA) recent fiasco works in favour of TRA.

[sb9]

Winner won't be happy with ASM being kicked with a new video from Tina....

[winner69]

Winner won't be happy with ASM being kicked with a new video from Tina....

Thank goodness not watching

Suppose its a pretty boring meeting .... repeating all the warm fuzzy stuff that share holders like to hear

[winner69]

Tuned in .... audience getting a bit restless