Pets at home staff to benefit from multi-million-pound payout?
More than 500 employees of the UK pet retailer have participated in the company’s Sharesave Scheme that has seen an almost fivefold increase in value.
Pets at Home staff were given the opportunity to buy between £5 and £500 a month worth of Pets at Home stock at a fixed price of £0.94 – a 20% discount on the prevailing share price at the launch of the scheme in 2018.
On average, staff invested £148 per month and the average scheme is estimated to be worth around £26,400 (a potential gain of £21,000).
“At Pets at Home, colleague share ownership is hugely important to our company culture,” said Louise Stonier, chief people and culture officer at Pets at Home.
“Our colleagues are so dedicated to supporting our customers and pets and I’m delighted that they are able to share in the value that we create together. It is wonderful to see colleagues participating in share plans across the company and to hear what they plan to spend their well-earned money on, especially when it’s just in time for Christmas.”