Morgan Tillbrook, the founder and former CEO of Alpha Group International, has gifted 1,103,555 shares worth approximately £28 million to senior leadership it was announced Wednesday.
The move is to reward and thank the team for its past performance and incentivise future growth.
It also aligns with Tillbrook’s step back from daily operations at the end of 2024. The grants were approved by Alpha’s Remuneration Committee following discussions with major shareholders and advisory bodies.
“I have given this considerable thought and believe it is in the best interests of all shareholders that the Board and the senior management team are more closely aligned with investors’ goals,” Tillbrook wrote in a letter to shareholders.
“While I appreciate such an arrangement is unusual for a FTSE 250 business, I am passionate about ensuring Alpha retains the agility and energy of a fast-growing company,” he added.
CEO Clive Kahn received 210,202 shares, structured as fully vested nil-cost options, which he pledged to hold during his tenure.
CFO Tim Powell and CRO Tim Butters were allocated 105,101 and 63,060 shares, respectively, subject to a three-year vesting period and performance targets.
A further 15 senior employees were granted a combined 683,152 shares, while Chair Dame Jayne-Anne Gadhia and Non-Executive Director Vijay Thakrar each received 21,020 shares, which they plan to hold throughout their board tenure.
The grants are funded entirely from Tillbrook’s personal holdings, ensuring no dilution for other shareholders. He remains committed to retaining at least 10% of Alpha’s shares for three years, reinforcing confidence in the company’s long-term growth trajectory.