Colleagues at UK home improvement retailer, Wickes, will share £14.1 million of Wickes shares from the Company’s Save As You Earn (Sharesave) scheme which matured on 1st December 2025, based on a share price of £2.33.
The three year scheme, which began in November 2022, was open to all Wickes colleagues. Almost 1,000 colleagues took part in the scheme by saving between £10 and £500 per month, with £500 being the maximum permitted under government rules. Colleagues can then use their savings to purchase Wickes shares at the discounted option price of £1.04.
The share price has since risen 124% as of market close on 1st December 2025 and colleagues have more than doubled their investment.
The average saving was £199 per month, which equated to savings worth £7,164 over the three years. As at the share price at maturity of £2.33 these shares are now worth £16,049.
For those saving the maximum £500 per month (£18,000 over the three years) this represents a potential £22,327 profit, at the share price of £2.33.
Det Moser, Operations Manager at the Wickes Plymouth store, is one of 163 colleagues saving the maximum £500 per month.
Commenting on his windfall, Det says: “Our Sharesave is a brilliant opportunity for colleagues to invest in a successful business and reap the rewards. For myself I am thrilled at the fantastic growth in the share price value. It means I can utilise the gains to refurbish my home, and enjoy some holidays without digging into savings, and still retain a large amount of shares as a longer term investment to see the value grow even further.”
David Wood, CEO, Wickes comments: “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.”
