Employee owners benefit from Metro Bank flotation

Around 2,000 customer-facing staff at Metro Bank share £10 million of stock options as a result of the bank’s recent flotation. The flotation activates share options worth an average £5,000 per employee, with those working at the bank since its launch in 2011 receiving the biggest pay-outs.

Gabbi Stopp, head of employee share ownership at ProShare, a membership body for the employee share ownership industry, said:

‘Metro Bank’s flotation is a great example to other fast-growing “challenger” organisations of the benefits of rewarding staff through employee share plans, and the importance of factoring in such schemes as an essential part of business plans . . . While some may still think that employee share ownership is the domain of large-scale and established operations, Metro Bank proves that employee share plans can be effective for businesses of every size and aspiration.’

Metro Bank is ‘Britain’s first new high street bank in over 100 years.’ On 10 March 2016, Metro Bank successfully publicly listed on the London Stock Exchange: www.metrobankonline.co.uk/News-Events/PressReleases/2016/March/Metro-Bank-Joins-London-Stock-Exchange/Metro-Bank-Joins-London-Stock-Exchange/