Some 50,000 Tesco staff enjoyed shares in a £111m windfall yesterday, after two company share options matured.

All levels of staff who invested in the supermarket’s three year scheme will have almost doubled their savings since its shares have risen by 98 per cent during the past three years.

Shares in the alternative five-year scheme have risen by 59 per cent since it began.

The plan requires that staff members devote between £5 and £50 from their monthly salary during the specified period, with the option price set at a discount of around 20 per cent to the price quoted at the start of the scheme.

This year's total payout is greater than the £106m shared by staff in matured share options last year.

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