CGT count down: Towergate in £100m pay day
Towergate staff can look forward to a pay out of around £500 to £1000 each after Towergate sold a £100m of preferred ordinary shares to US listed hedge fund Och-Ziff.
Around 2500 staff will share around 3% of the proceeds as 3% of the business is held in a staff incentive plan. Founder and executive chairman Peter Cullum will benefit the most from the sale. He owns
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