Solium Toasts BrewDog and Standard Bank on GEO Wins
CALGARY, April 30, 2018 – Solium (TSX: SUM), the leading global provider of cloud-enabled software and services for equity administration, financial reporting and compliance, is proud to announce that two of its clients have been recently honoured with awards at the Global Equity Organisation (GEO) conference in Orlando, FL. BrewDog won for Best Use of a Share Plan in a Private Company while Standard Bank won Most Innovative and Creative Plan Design.
BrewDog recognised for private company innovation
Based in Ellon, Scotland, BrewDog is a multinational brewery and pub chain employing approximately 1,000 people across 46 bars on 3 continents. BrewDog launched its Hop Stock Share Plan to give employees (Crew Members) a share in the future growth of the company. Crew Members were offered the chance to use some or all of their Unicorn Fund (annual profit-sharing bonus) to purchase a set number of shares at a 20% discount. The launch was supported by both technology and communications – online enrolment and elections, single-sign on, documentation, country-specific tax guides, and roadshow rollout – that delivered excellent value to employees and matched its unique employer brand.
Standard Bank honoured for plan design
Based in Johannesburg, Standard Bank is a leading Africa-focused financial services organization, employing about 48,600 people in 106 countries. They were recognised for a plan designed to maximize value for participants. With listings on two African exchanges and stock valued in South African ZAR, a currency known for its high volatility, awards can vary in value on conversion of currency far beyond the performance of the share price. In response, Standard Bank designed a plan with built-in currency protection in a participant’s relevant remuneration currency. Participants receive units denominated in their local currency with a value linked to the group share price.
Congrats from Solium
“We are pleased to congratulate both BrewDog and Standard Bank,” said Marcos Lopez, CEO of Solium. “We are strong believers in the value that employee share plans can bring companies and their employees. We salute BrewDog and Standard Bank for their creativity, innovation and commitment to share ownership with their employees.”
From April 24 to 26, 2018, the 19th Annual GEO Conference brought together more than 400 equity compensation professionals and experts from around the world to discuss the design, accounting, taxation, compliance, and communication practices related to global share plans.
Solium Capital Inc. (TSX: SUM) provides cloud-enabled services for global equity-based incentive plans administration, financial reporting and compliance. From operation centers in the United States, Canada, the United Kingdom, Europe and Australia, our innovative software-as-a-service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 100 countries.
The Global Equity Organization (GEO) is a member-founded and member-driven not-for-profit organization dedicated to advancing knowledge and understanding of equity compensation worldwide through a global community of well-informed professionals. GEO provides its members – regardless of location, position or affiliation – opportunities to share and learn about the strategic, governance, financial, cultural, legal, tax, communication and administrative issues affecting equity-based employee compensation around the world, from the fundamentals to the latest market intelligence.