Entain Launces Employee Share Ownership Plan

International sports betting and gambling company Entain Plc. (LSE: ENT) has unveiled an employee share ownership initiative for the over 22,500 employees it has across the UK and other parts of the world.

The company which owns the Coral and Ladbrokes brands said this plan shows that ESG concerns were at the center of its strategy.

We’ve been keen for some time to roll out a universal employee share ownership plan as part of this (ESG), which we will continue to refine and build on as the business grows,” said Entain’s CFO Rob Wood.

The company said this initiative will be rolled out to employees across the world including India, Bulgaria and Philippines. Employees of the company will have options to save 5 to 100 pounds on a monthly basis for a three year period.

When the three year end period elapses, the employees will have an option of buying the company’s shares at 20% value less its current market price.

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