By Reuters Staff
(Adds details on votes cast, incentive scheme, background)
Jan 25 (Reuters) - Cineworld said on Monday its investors approved an incentive plan for its top boss and his deputy, while acknowledging “significant number of votes” against the scheme.
Under the plan, Chief Executive Officer Moshe Greidinger and his brother and deputy CEO, Israel Greidinger, will receive shares worth at least 33 million pounds each ($45.15 million) if Cineworld’s stock hits its pre-pandemic level of 190 pence in three years.
The upper cap on the stock award is 380 pence, which translates into as much as 65 million pounds worth of shares each for the two brothers. The top end of the target is also 70 pence above the record high hit by the company’s shares in May 2017.
By Reuters Staff
1 Min Read
Jan 22 (Reuters) - Hospital operator Mediclinic International posted a 2.5% rise in third-quarter revenue on Friday, citing “unseasonably high” inpatient activity in December in southern Africa and the Middle East.
The company, the owner of a chain of private hospitals in southern Africa, the Middle East and Switzerland, said no restrictions on elective procedures and outpatient activity, unlike during the first coronavirus wave, helped revenue grow. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shailesh Kuber)
British advertising budgets fell sharply in the last quarter of 2020 as companies cut costs due to the COVID-19 pandemic and Brexit, according to an IPA Bellwether report, which added the global vaccine rollout could aid a recovery in spending.
3 Min Read
(Reuters) - Ladbrokes owner Entain named non-executive director and industry veteran Jette Nygaard-Andersen as its chief executive officer on Thursday, making her the first woman to lead a UK gambling company.
FILE PHOTO: General view inside a Ladbrokes shop in Harpenden, Britain, March 18, 2020. REUTERS/Peter Cziborra
Outgoing CEO Shay Segev announced his intention to quit, to take up a job at global sports streaming platform DAZN, days after rejecting an $11 billion takeover approach from MGM Resorts’ just after seven months in the role.
Nygaard-Andersen takes on the role at a time when Entain is evolving into an entertainment company and she will be tasked with steering the firm towards regulated markets, expanding in the lucrative United States sports betting market and boosting its online offerings.