More than 1,000 Whitbread employees are to share £10 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 2 February
The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £500 a month into the schemes.
Staff members that saved £250 per month stand to receive around £61,000 from the five-year scheme and around £24,000 profit from the three-year scheme.
There were 1,295 participants in the three-year share scheme saving an average of £70.75 a month, with each receiving a bonus of £6,000.
The 122 employees in the five-year scheme, saving an average of £48.78, will receive a payout of around £12,000.
Whitbread’s share price stood at 4990p on 2 February. The option price was set at 1339.2p for employees in the three-year scheme and 1008p for those in the five-year scheme.
Last year, Whitbread staff shared £6 million from its sharesave payouts.
Andy Harrison, chief executive officer of Whitbread, said: “I’m really delighted for those Whitbread employees who stand to make a significant profit on the back of a sharp rise in our share price over the past few years.
“Our team members work tremendously hard delivering everyday outstanding service to our millions of customers and it is great that they can personally share in the organisation’s success in this way.”
