Zoopla Property Group has released information which details the profit some of its agents made from purchasing company shares at a discount of 20 per cent – in total, agents who took advantage of the deal have made £15m.
Member agents belonging to ZPG were all offered the chance to buy shares at £1.76 per share in June 2014 and those that elected to were given a further opportunity to buy more shares at the same price on the first anniversary.
Estate Agent Today reports ZPG says that its share value has now rise to £3.76 (as of close of trading on February 1) producing a gain of 114 per cent.
The portal group says over 7.5 million shares were purchased under the ‘member offer’ , resulting in a gain of over £15 million for those agents if they still hold those shares today.
