Skip to Content

William Hill employees to share £3.5m payout

06 August 2012

A SURGE in fortunes at William Hill that pushed shares to a near four-year high last week is to be followed by a payout to 700 employees that could reach £3.5 million.

Staff who enrolled in a three-year Sharesave scheme have watched their savings increase in value by more than 100 per cent on the back of a share price that reached 313p after a rise of almost 70 per cent from the 12-month low of 183.3p on December 16.

The rise was fuelled by a set of results last week in which group net revenue rose 11 per cent to £628m and pre-tax profit rose 13 per cent to £143m.

The Sharesave scheme reached its tenth anniversary this year and allows William Hill employees to save between £5 and £250 per month for either a three- or five-year period, at the end of which they have an opportunity to buy William Hill Plc shares at a 20 per cent discounted price.

David Russell, group HR director for William Hill, said yesterday: "I am delighted that so many of our people are able to celebrate the success of the company in this way.

"This high return is a reflection of the hard work of William Hill people in driving up the share price. It really is a win for employees and shareholders."

There are nearly 16,000 employees at William Hill, the majority of them fronting the company's 2,400-strong betting shop chain.

Hills share price closed on Tuesday night at 314p.

Back to News