Nine Entertainment Boss David Gyngell Could Get Up To $25 Million Worth Of Shares When The Company Floats

Photo: Getty/Cameron Spencer

Nine boss David Gyngell could find himself with more than $25 million worth of the company’s shares when it lists, according to the AFR.

The entertainment company’s hedge fund owners are meeting on October 21 to make a final call on how much of the business they will sell in the IPO, and according to the Fin’s report, shares will make up a big part of Gyngell’s pay-packet.

Reportedly Gyngell’s stock will be placed in an escrow account which he can’t trade for three years after the listing, expected to capitalise the company at between $2.5 billion and $3 billion.

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