Today, William Hill has announced that its employees will share out a £3.5million pay-out following their continuing growth in share price.
With the company going from strength-to-strength, 542 employees in the UK are set to benefit from a rise in share price from £1.48 to £4.86 during the period of July 2010 to July 2013.
In 2012, almost 700 employees enjoyed a £3.5million payout after the share price grew from £1.39 to £3.13 during the earlier three-year scheme.
Over 3,000 William Hill employees are enrolled in the Sharesave scheme - now in its 11th year. The scheme enables employees to save between £5 and £250 per month for either a three or five-year period, at the end of which they have an opportunity to buy William Hill shares at a special 20% discounted price.
Those who invested the maximum £250 per month back in 2010 are now eligible to receive an additional £20,000, on top of their original investment of £9,000*
David Russell, group HR director at William Hill, said: “It’s great for us to be able to celebrate the success of the company with our teams in this way. It’s through their hard work, commitment and dedication that we are so successful and in two years, over 1200 of our employees have reaped a £7million payout from the scheme.’’
International expansion and growth in internet and mobile channels has seen the iconic British brand’s share price boom in recent years. The 79-year-old organisation re-entered the FTSE 100 in May 2013 after their market capitalisation grew from £1.8billion to over £4billion in three years.
*based on a sale price of £4.86
