GP
Graham P

1 reviews | Active since Jul 2011

27 Feb 2019, 07:00

Never, ever let this lot administer your Company Employee share scheme.

If you ever want an office full of really irate workers then use Investec to administer the Employee share scheme. Following a recent vesting of shares, employees trading shares were in for a surprise, o and massive financial losses. Investec decided it would be saving costs in the method used to sell the shares. Bottom line is the opportunity was missed even though there was more than sufficient liquidity in the market. They then took it upon themselves to cover up by deciding well, lest just bundle everyone together over a number of days and give each an average price so as to hide just what they had done. WARNING DO NOT USE THEM, THEY WILL COST YOU MONEY.

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Replies (1)
Investec
Investec's reply27 Feb 2019, 14:10
Official
Hi Graham, sorry to hear that you are not happy with the vesting process. We have sent your complaints to the compliance team and they will be in contact with you directly, responding to your issues raised in your emailed complaint.