Frasers Group (FRAS)

Sector:

Retailers

Index:

FTSE 100

811.00p
   
  • Change Today:
      11.00p
  • 52 Week High: 938.00
  • 52 Week Low: 672.00
  • Currency: UK Pounds
  • Shares Issued: 452.08m
  • Volume: 365,631
  • Market Cap: £3,666.38m
  • RiskGrade: 211

Frasers reveals £100m pay deal for new boss Murray

By Sean Farrell

Date: Friday 27 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Michael Murray, the future boss of Frasers Group and son-in-law of founder Mike Ashley, will be paid £100m if the company's share price reaches £15 before October 2025.
Frasers, which owns Sports Direct, revealed the pay package at 18:20 BST on Thursday. Murray, who is 31, is due to take over from Ashley as CEO in May.

Murray will be paid £100m in shares if Frasers' shares trade at £15 or more for 30 consecutive trading days before 7 October 2025. He will be paid an annual salary of £1m under the company's plans.

He is engaged to Ashley's daughter, Anna, whom he met on holiday 10 years ago. He has been working as a consultant for Frasers, leading its attempt to move upmarket, and was paid almost £10m in 2019 and 2020.

Frasers shares rose 1.4% to 665.5p at 09:03 BST, meaning Murray must more than double the share price in little more than three years. The company also owns House of Fraser and clothes chain Flannels and changed its name from Sports Direct in December 2019.

"The remuneration committee was mindful of setting targets that were both stretching and achievable and that would reward an incoming CEO commensurately with the shareholder value that could be attained," Frasers said.

Ashley does not take a salary as CEO. He will become deputy chairman when Murray takes over. Shareholders will vote on Murray's pay at the company's annual meeting in September.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Frasers Group Market Data

Currency UK Pounds
Share Price 811.00p
Change Today 11.00p
% Change 1.38 %
52 Week High 938.00
52 Week Low 672.00
Volume 365,631
Shares Issued 452.08m
Market Cap £3,666.38m
RiskGrade 211

Frasers Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.25% below the market average52.25% below the market average52.25% below the market average52.25% below the market average52.25% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Price Trend
57.03% above the market average57.03% above the market average57.03% above the market average57.03% above the market average57.03% above the market average
65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average65.85% above the sector average
Income Not Available
Growth
49.68% above the market average49.68% above the market average49.68% above the market average49.68% above the market average49.68% above the market average
85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average85.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 2
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Frasers Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 142,310 @ 811.00p
16:35 684 @ 811.00p
16:35 2,375 @ 811.00p
16:35 481 @ 811.00p
16:35 1,114 @ 811.00p

Frasers Group Key Personnel

CFO Chris Wootton
CEO Michael Murray
CEO Helen Wright

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