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 values over the last three years.
The share save scheme was available to all staff at Wickes which allowed workers to save between £10 and £500 monthly to buy shares at the price of £1.04.
On 1 December Wickes share price closed at £2.33 and the workers who took part in the scheme have seen their investment more than double.
David Wood, chief executive of Wickes, 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.
“The business is performing well, and we have recently reported increases in sales, profits and number of stores.
“Ultimately, these results are only possible thanks to the hard work and dedication of our amazing colleagues, and it’s great to see so many of them benefiting through our Save As You Earn scheme.”
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