2ergo ends incentive plan

2ERGO has announced that a management incentive plan cooked up three years ago has now ended.

The Salford Quays-based company’s founders, Barry Sharples and Neale Graham, had created an incentive plan under which 2.2m ordinary shares could have been transferred to management if the company met certain performance targets. The shares were to be issued from the founders’ own personal shareholdings.

However, the firm announced to the stockmarket this morning that the lifespan of the plan has ended without any shares changing hands. As a result, Sharples and Graham each retain more than 5.2m shares, or 12.37% of the total.