Nearly 1,000 UK-based Interserve employees will see an average profit increase of £1,447 after the organisation’s three-year sharesave scheme matured on 1 July.
This profit results from a rise in the option share price from 231p when the scheme launched to around 610.7p, as at 1 July 2014.
The support services and construction firm also doubled its maximum investment allowance, from £25 to £50 a year, when it launched its 2014 sharesave scheme in March.
More than 2,000 employees have signed up for the 2014 three-year sharesave scheme.
It is administered by YBS Share Plans, part of Yorkshire Building Society.
Trevor Bradbury, group secretary at Interserve, said: “The sharesave scheme is a great opportunity for our employees to share directly in the success of the organisation and it provides a means of owning a part of the business they contribute so much to.”
Paul Sharp, consultant at YBS Share Plans, added: “We are not only pleased to see such a positive maturity on this current Interserve scheme, but we are particularly impressed that Interserve is encouraging its employees to extend their faith even further in their employer by doubling the investment allowance in the latest issue.
“Sharesave schemes are an excellent way for organisations to give employees a chance to be a true part of the business and we continue to see a great uptake by employees in these schemes.”
