Search
The Caterer

Whitbread employees set gain from ‘sharesave' scheme

02 February 2007 by
Whitbread employees set gain from ‘sharesave' scheme

More than 850 Whitbread employees stand to benefit from the leisure giant's annual "sharesave" scheme, which matured this week.

The Whitbread share price was trading at £16.35 as of yesterday, which means profit of nearly £4m should the members of the scheme choose to exercise their options.

The five-year options will return nearly four times the option price and three year option will return more than double the option price.

Claire King, a waitress at the Ham and Blackbird Beefeater in Farnborough, who saved the maximum amount of £250 per month for five years, stands to make a profit of £62,700 when she cashes in her options.

Alan Parker, chief executive of Whitbread, said: "It's fantastic news that Whitbread people, who work so hard to provide the best possible service to our customers, have this chance to personally share in the company's success.

"We are really pleased that so many employees took advantage of the sharesave scheme as it's a great and safe way to save and we hope even more people take advantage of it in the future."

Whitbread's share price has consistently risen over the past 12 months, driven by strong performance of its Premier Travel Inn and Costa Coffee brands, and persistent speculation in the City of a takeover deal.

Whitbread reports a rise in sales >>

Move for Whitbread from Starwood Capital could trigger war >>

Whitbread to return £350m to shareholders >>

By Daniel Thomas

E-mail your comments to Daniel Thomas](mailto:daniel.thomas@rbi.co.uk?subject=Whitbread employees set to gain from 'sharesave' scheme) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku](http://www.caterersearch.com/Articles/Article.aspx?liArticleID=302619 "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.