William Hill staff to share £3.5 million sharesave payout

William Hill employees are to share a £3.5 million payout from the maturity of a three-year sharesave scheme.

Almost 700 employees will benefit from the success of the bookmaking firm’s share price, which has grown from £1.83 in July 2009 when the scheme was launched, to a closing price of £3.13 on 31 July.

The sharesave scheme, which is celebrating its 10th anniversary this year, allows 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 20% discounted price.

Employees are invited to join the scheme every March. Those who invested the maximum £250 per month back in 2009 are now in line to receive an additional £10,000, on top of their original investment of £9,000.

David Russell, group HR director at William Hill, said: “I am delighted that so many of our employees are able to celebrate the success of the organisation in this way.

“This high return is a reflection of the hard work and commitment of William Hill employees in driving up the share price. It really is a win-win for employees and shareholders.”

Read more articles on sharesave schemes

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory