More than 1,000 Whitbread employees are to share £6 million following the maturity of the organisation’s three-year and five-year sharesave schemes on 3 February.
The employees, who work for brands including Beefeater, Brewers Fayre, Costa Coffee and Premier Inn, saved between £10 and £250 a month into the schemes.
The option price is set at £14.14 for employees in the three-year scheme and £7.28 for those in the five-year scheme.
Whitbread’s share price was trading at £37.50 on 3 February. Participants who saved the maximum £250 per month are to receive around £69,000 through the five-year scheme and around £15,000 through the three-year scheme.
The three-year scheme had 895 participants saving an average of £51 per month, who will each receive more than £3,000 profit.
The five-year scheme had 160 participants, with average monthly savings of £77, which equated to profits in excess of £21,000 each.
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 employees work tremendously hard delivering everyday outstanding service to our millions of customers and it’s great that they can personally share in the company’s success in this way.”
