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Asda staff get pounds 43m windfall; SHARES.


Byline: CLINTON Clinton.

1 Town (1990 pop. 12,767), Middlesex co., S Conn., on Long Island Sound; settled 1663, set off from Killingworth and inc. 1838. The school that later became Yale opened here in 1702.
 MANNING; RUKI SAYID

THOUSANDS of Asda workers are toasting a pounds 43million shares windfall windfall

An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall.
 - the biggest in 10 years.

This morning, more than 16,000 staff will be waking up to a 150% return on the supermarket's sharesave plan.

On average, employees who invested in the three-year scheme will pocket around pounds 2,700.

And those who salted away the maximum pounds 250 a month will see a pounds 13,800 jackpot - that's pounds 4,800 more than the pounds 9,000 they invested.

This year's pay-out is the largest since WalMart bought Asda in 1999 and follows a near 50% rise in its share price since 2006.
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Title Annotation:Features
Publication:The Mirror (London, England)
Date:Jun 2, 2009
Words:110
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