skip to main content
Find Insight DIY on
* * *


Share-save scheme to pay out 17m to Travis Perkins staff

FTSE 100 builders' merchants Travis Perkins has announced more than 7,000 of its employees could be in line to share £17 million as part of the company's Sharesave scheme.

Travis Perkins, which also owns Wickes, Toolstation, Keyline and Tile Giant, has seen its share price increase by more than 50% over the past year.

Employees who have been members of the share scheme for five years could see profits of £50,000, if the share price remains at its current level.

Travis Perkins', HR director, Carol Kavanagh, said the scheme was a great way for its employees to share in the group's success.

"Employees who've contributed £250 a month into our 2008 five-year scheme now have a total investment worth more than £62,000 (at today's share price), which is a great way to save for the future and certainly delivers a very nice windfall," she said.

The scheme was launched in 2002 to offer a risk-free three or five year savings option to employees.

Source : Tom Newcombe - HR magazine

12 December 2013
view more UK DIY News

I find the news and articles they publish really useful and enjoy reading their views and commentary on the industry. It's the only source of quality, reliable information on our major customers and it's used regularly by myself and my team.

Simon Fleet - Sales & Marketing Director, Thomas Dudley Ltd

Don't miss out on all the latest, breaking news from the DIY industry