Tuesday 28th August, 2018
More than 70 staff at Blue Prism will share a bonus of nearly £100 million after its shares generated Silicon Valley-style rewards.
RPA provider Blue Prism automates administrative tasks for clients including the NHS, Telefonica, Coca-Cola and Procter & Gamble, has recently been one of the best-performing shares on the London Stock Exchange.
According to This is Money, Investors who bought £1,000 of Blue Prism shares in 2016 when it floated on Aim, London’s junior stock market, are now sitting on £24,500 just two years later. The firm is worth £1.3billion, up from less than £50million at the float.
Staff on the payroll in 2016 were given share options that will mature in their entirety next year. The scheme is unusual for a British company because it includes staff at all levels.
The Times recently included Blue Prism along with online fashion retailer Asos and other rising stars as stocks to watch in The Apples and Amazons of tomorrow.
Chief executive and co-founder Alastair Bathgate will be in line for £9.1million. Chairman Jason Kingdon sold shares last month for £8.8million and his remaining 8.6 per cent stake is worth £110million.
Former chief financial officer Gary Johnson had £7.4million in options from the bonus scheme, which he has been able to cash in after leaving.
Early this month the company reached a milestone of more than 1,000 organisations using its software across in 52 countries. The firm recently opened four new offices in Germany, France, Hong Kong and Singapore.