US EditionWickes Workers Set for £8,885 Boost After Share Price Soars
Nearly 1,000 Wickes employees more than doubled their investments through a share save scheme as the company's stock rose 124% since November 2022.
- Nearly 1,000 Wickes employees are set to receive a collective £14.1 million after shares more than doubled since the scheme began in November 2022.
- After staff bought shares at £1.04, the scheme allowed saving between £10 and £500 monthly, leading to share prices closing at 2.33 on December 1.
- On average, the saver invested 199, with a total of 7164, now worth 16049, while maximum savers, saving 500 monthly, face a potential profit of 22327.
- Wickes chief executive David Wood said `I am absolutely delighted that so many of our colleagues are seeing the rewards of their commitment and the Company's strong performance and will have more than doubled their investment,` noting recent increases in sales, profits and stores.
- One worker, operations manager Det Moser, who saved £500 monthly, said he was thrilled and will use the payout to refurbish his home and take holidays, while Wickes framed the payouts as recognising colleagues' hard work through the Save As You Earn scheme.
16 Articles
16 Articles
Wickes staff to receive a £14.1 million windfall from share save scheme
Around 1,000 Wickes workers will receive a share of a £14.1 million windfall from a share scheme after the DIY chain store has seen their stock more than double in… The post Wickes staff to receive a £14.1 million windfall from share save scheme appeared first on London Business News
Nearly 1,000 Wickes workers to share £14.1m as shares more than double | The latest National and International News
Almost 1,000 workers at Wickes will receive a £14.1 million windfall from an employee share save scheme after seeing shares in the chain more than double in value in the past three years (Jonathan Brady/PA) Jonathan Brady Nearly 1,000 Wickes employees are set to receive a collective £14.1 million windfall after their investments in a company share scheme more than doubled in value. The DIY chain's share price has surged 124% since the "Save As Y…
Wickes colleagues to benefit from £14.1m Sharesave
Colleagues at UK home improvement retailer, Wickes, will share £14.1m of Wickes shares from the company’s Save As You Earn (Sharesave) scheme which matured on 1 December 2025, based on a share price of £2.33. The three year scheme, which began in November 2022, was open to all Wickes colleagues. Almost 1,000 colleagues took part in the scheme by saving between £10 and £500 per month, with £500 being the maximum permitted under government rules. …
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