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Clients will be prioritised over other applicants and receive a bonus share for every 10 acquired.
The sell-off follows the decision last week by Sports Direct investors – excluding Ashley – to block a proposed bonus share scheme for the billionaire retailer.
Morgan's total remuneration was £2.5m, which includes salary, bonus, share awards and other items such as pension payments and car allowance.
The amount being sought is higher than previously thought and takes account of his annual £450,000 take-home package including bonus, share options and pension.
Investors who hold their shares for a year will be given a bonus share for every 10 held, with the bonus capped at £200 per investor.
The insurer has promised a bonus share for every 20 preferential offer or windfall shares held for a full year after next week's flotation.
Similar(38)
Existing shareholders would be compensated with bonus shares or stock options.No one is impressed.
The near £17m package included bonuses, benefits and proceeds from the sale of bonus shares.
Clients of CMC Markets are being offered bonus shares to encourage them to subscribe to the issue.
That makes a flotation all the more likely next year, perhaps triggering bonus shares for customers like me.
Bonus shares Most of Standard Life's customers will be entitled to buy extra shares at a discounted rate.
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CEO of Professional Science Editing for Scientists @ prosciediting.com