New product release
Coroni Technology builds on its success by releasing Equity, a web-native, self-service share trading application.
Equity, a web-native, self-service share trading application is sister application to Reflex. Equity manages the issue of company share awards by organisations using share issues as a reward and incentive to loyal employees.
The full details of these choices and the value of shares is available to employees at any time through a Total Reward Statement that incorporates the other major components of their remuneration package, such as salary, allowances and statutory holiday.
Equity supports general share awards as well as performance-related awards. For either type of award, Equity manages vesting periods, during which time the shares are held but cannot be traded, and calculates any accrued dividends. The value of company shares received is included on employees’ Total Reward Statements which incorporate the other major components of their remuneration package such as salary, allowances and statutory holiday.
Employees may buy and sell shares with the holding organisation during trading periods.
Using the Equity application, employees are able to model the proportion of their bonus to be paid as cash and shares.