Staff offered shares in Ocuco- Relcon

Ocuco-Relcon has made more of its shares available to employees as part of the merger between the two optical software firms.

Al Chetwode, Ocuco-Relcon chief executive, said both businesses were privately owned by the management and employees and as part of the merger, which took place in the summer (News, August 18), a decision was made to open up the ownership of the business to the employees.

A further 10 per cent share of the business has been made available to the employees.

'We have been heartened by the reaction,' said Chetwode. 'Two thirds of staff have taken up their allocation of shares, it was an equal proportion from the two companies. We are very much a company owned by the people who work in it.'