More than 500 employees at Pets at Home are set to receive a share of a potential £11.7 milllion payout from the firm’s sharesave scheme.
Members of staff were able purchase Pets at Home shares at a fixed price of just over 94p when the initiative launched in 2018; as at 30 November 2021, the share price had increased to £4.654.
Under the scheme, all employees were given the opportunity to save between £5 and £500 a month. On average individuals invested £148 per month, which totalled £5,345 over the scheme period. Someone contributing the maximum of £500 per month, saving a total of £18,000, could now own shares worth around £89,000.
Louise Stonier, chief people and culture officer, said: “At Pets at Home, colleague share ownership is hugely important to our company culture. 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.”