ARM staff set to share £400m if deal goes through

Employees at ARM Holdings could be set to share in a pay out worth almost £400million, following the company’s takeover by Japanese firm SoftBank Group.  

Share awards were granted to staff in employee incentive schemes, meaning that there are over 22 million outstanding shares belonging to workers - The Guardian reports.

The current share price is set at £17, which adds up to a total of £380million.

ARM currently employs 1,600 workers in Cambridge, and around 4,000 globally. The largest pay outs would go to executives at the company. According to The Guardian, CEO Simon Segars is in line for £11millon and Mike Muller, CTO, for £21million.