Argos employees across the UK will benefit from a potential pay-out of £5.9m
following the maturity of the first share purchase scheme run by its parent
company GUS plc.
Under the terms of the Sharesave Scheme, which was first introduced in 2001,
employees can buy shares in GUS at a 20 per cent discount using a tax-free
savings account. Employees can save between £5 and £250 per month for three or
five years.
At the end of the savings period members have the option of using all of
their savings and bonus to buy the GUS shares at a discount or taking all of
their savings and bonus in cash.
Around 2,200 staff will benefit. The average profit per employee will be
£2,590, with top investors receiving more than £10,000.
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