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Dixons staff get windfall from Freeserve sale

£500 if you're on shopfloor, £2.1m if you're chief exec

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Internet Security Threat Report 2014

Dixons is generously rewarding staff with shares following it flogging ISP Freeserve.

If you're working the shop floor encouraging customers to take out warranties, or have a PC health check, you're in line for a £500 windfall. If you're chief exec John Clare you'll get 882,352 shares worth around £2.1 million.

The share payout to Dixons' 28,000 staff will cost it £45 million. The allocation will be according to staff grades, with £500's worth being guaranteed for the most junior employees.

Clare told the FT that Dixons group had invested a total of £240,000 in Freeserve. When an all-share takeover deal was agreed by French ISP Wanadoo, Dixons pocketed £120 million and kept a 12.7 per cent stake in the enlarged ISP, now worth £739 million. ®

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