Glasgow brewery WEST shares for employees
Glasgow brewery WEST is to release shares in the company to employees. Brewery founder, Petra Wetzel, has established an HMRC approved Share Incentive Plan (SIP) and placed an initial 10% of the company’s shares into a dedicated trust for WESTies (as WEST employees are known).
“I want to share what we’ve achieved over the last 13 years with the people who have helped make it possible. So everybody who has worked at WEST for longer than a year will receive shares in the business, which will be held in trust and vest after five years.”
WESTies who have worked with the business for 12 consecutive months, no matter how many hours, will receive £3600 worth of shares, the maximum sum that can be given tax-free to employees, every year. There are presently some 65 WESTies who are eligible for shares.
👏 to WEST in working with their employees 🍻
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