Three years after the Tenet Group launched the Tenet Discretionary Reward Scheme, it has experienced a rise in share value and, over a five year period, has returned a compound annual growth in the value of the shares of over 20% year on year.
The scheme is intended to share the growth in the value of the company with members and clients, in recognition of the contribution they make to its ongoing success.
If the management team of the Tenet Group continue to deliver their business plan, the scheme should ultimately be worth over 10 million.
Simon Hudson, group chief executive of The Tenet Group, says: “With the recent Standard Life and current shareholder investment and ongoing growth of the Group, Tenet is clearly in the best possible position to serve the needs of tomorrows adviser.
“We have no specific timetable for flotation and are totally focussed at present on developing our business, which itself increases the value of the company.”