The Pharmaceutical Journal
Vol 268 No 7199 p705-712
25 May 2002

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Nucare offers share incentive discount

Nucare has launched a share incentive scheme for its retail members. The scheme is to start on 1 June and will allow members to earn points, which they can then use to purchase Nucare shares at a 50 per cent discount.

The company is allocating 200 million points equivalent to a 10 per cent issue of shares. The scheme will run for three years or until all the points have been awarded. Members will be entitled to use their points when Nucare next makes a public offer of its shares.

Speaking at this year's Nucare convention on 18 May, Veni Harania, chairman, Nucare, said: "Points will be given to members who support us." He explained that points will be awarded for taking part in certain activities, such as purchasing from Nucare Pharmaceuticals, its generic and parallel imported medicines division.