Lookers’ employees who participated in the Company’s share save scheme have achieved record profits as a result of a strong share price performance over the past three years.
The Save as you Earn (SAYE) scheme is an HMRC approved programme under the Tax and Employee Share Schemes.
395 employees took part in the scheme which yielded an overall profit of £3,834,839. Depending on the monthly amount contributed to the scheme, the pay-out ranged from £850 for those investing £10 per month, up to a maximum of £25,200 for anyone investing £300 per month.
Chief executive of Lookers Andy Bruce said: “We’re delighted that so many of our employees are sharing in our success. We’ve consistently delivered a strong trading performance which is a result of the hard work that goes into looking after our customers’ day in, day out.
“The success of our Company is the result of the contribution of all of our team and I’d like to thank them for their efforts and their loyalty to Lookers.”