Lloyds to offer employees stock options

LONDON, Oct. 4 (UPI) -- British bank Lloyds is planning to reintroduce a discount share-buying program for its employees, The Sun reported Thursday.

"We review our (compensation) approach regularly as part of ensuring our overall reward package is appropriate," a bank spokeswoman said.


The program would be available to about 100,000 staff members.

The bank dropped its ShareSave program in 2010, as executives had complained it was too expensive.

ShareSave is a standard program in Britain that allows employees to buy company shares in the future at a discount -- essentially, a shares option program for employees.

Shares of the bailed out bank have risen 55 percent this year. The discount share-buying would give employees a chance to benefit from the bank's recovery, the newspaper said.

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