In reality, the advert (printed below) has been placed by some former employees looking to cash in on the shares they were granted during their employment at the company.
The former staff is offering around DKR 10 million ($1.83 million) worth of stock – not a bad leaving present by anyone’s standards. “We like to look after our people,” jokes Lars Seier Christensen, Saxo’s joint chief executive.
According to the sellers, the tender represents an opportunity for investors to get a stake in the increasingly important retail market and it has attracted good demand.
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