Wickes staff pick up share windfall

ALMOST 1,000 workers at Wickes will receive a £14.1 million windfall from an employee share save scheme after seeing the stock more than double in value in the past three years.

- 

The scheme, which was open to all staff at the firm, allowed employees to save between £10 and £500 a month and buy shares at a discounted price of £1.04.

With Wickes’ share price closing at £2.33 on December 1, those taking part have more than doubled their investment, as shares in the firm have jumped in value by 124% since the scheme started in November 2022.

The DIY chain said employees taking part in the scheme saved £199 on average a month each, totalling £7,164 in money invested, which has given them a shareholding worth £16,049.