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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