Zenith launches share scheme

Zenith Vehicle Contracts will launch an employee share scheme to 40% of its 90-strong workforce this month.

Zenith has decided it will be based on gifted shares, aimed at all staff of a particular grade or who have worked a certain length of service.

Andrew Cope, chief executive of Zenith Vehicle Contracts, said options can be granted to staff in a tax-efficient way: "In effect, they will be granted those shares as part of the original buy out."