Wickes staff to receive saving scheme windfall
Wickes staff will share £14.1 million of Wickes shares from the company’s Save As You Earn scheme which matured on 1 December.
The three-year scheme, launched in November 2022, was open to all Wickes colleagues. Almost 1,000 employees took part, saving between £10 and the maximum £500 per month permitted under government rules. Participants can now use their accumulated savings to buy Wickes shares at a discounted option price of £1.04.
Wickes share price has since risen 124% as of market close on 1 December 2025 and colleagues have more than doubled their investment.
The average participant saved £199 per month, totalling £7,164 over the three-year scheme. With the share price at maturity of £2.33, these shares are now worth £16,049.
For colleagues who saved the maximum £500 per month (a total of £18,000 over three years), this translates into a potential £22,327 profit at the same share price.
David Wood, chief executive of Wickes, said: “I am absolutely delighted that so many of our colleagues are seeing the rewards of their commitment and the company’s strong performance and will have more than doubled their investment.
“The business is performing well, and we have recently reported increases in sales, profits and number of stores.
“Ultimately, these results are only possible thanks to the hard work and dedication of our amazing colleagues, and it’s great to see so many of them benefitting through our Save As You Earn scheme.”
