Monday, December 14, 2020

Best of BritTech: Hut Group Founder Gifts £1billion Worth of Stock To Workers

From the Daily Mirror, December 8:

Hut Group founder turns 74 staff into millionaires in £1billion gift to workers 

EXCLUSIVE: Matt Moulding, founder of Manchester-based The Hut Group, said about 430 staff had been gifted free shares in the past 10 years - with those quids in ranging from managers through secretaries and warehouse workers

Hundreds of lucky workers at a booming British tech firm have shared a near £1billion bonanza, its boss has revealed.

Matt Moulding, founder of Manchester-based The Hut Group, said about 430 staff had been gifted free shares in the past 10 years.

“We have created more millionaires than any other company in British corporate history,” he told the Mirror in an exclusive interview.

“The shares are 100% gifted, no-one has had to pay anything. We have genuinely changed so many lives.”

Those quids in range from managers through secretaries and warehouse workers.

The shares windfalls have already turned 74 workers at the firm into millionaires, he said.

That number is set to rise as, of the near £1billion worth of shares set aside for staff, around £175million has yet to be handed out....

....MUCH MORE