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Glasgow gets backing for share ownership


Glasgow Investment Managers is set to become majority owned by its own staff.


It has gained approval for staff to increase shareholdings within the company up to a maximum of 50.1 per cent.


The agreement with its controlling shareholders Shires Income plc, allows for this provision if certain profit objectives are met.


The provision is intended to enable GIM to attract and retain high calibre executive staff as it looks to develop its business.

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