Feeds

Dixons staff get windfall from Freeserve sale

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

  • alert
  • submit to reddit

Reducing security risks from open source software

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. ®

Related Stories

Wanadoo Q1 revenue falls
Freeserve and Wanadoo get hitched

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today IS F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.