The Prize Bond Company today announced that its sales performance during 2000 was very strong at £55m - the second highest in the history of Prize Bonds.
The value of the tax free prizes to be won increased by 9% to £5.96m in 2000 while the fund size grew by £22m from £212m in 1999 to £234m in 2000.
The improved performance follows a number of changes implemented at the company during the year. Last November, a revamped scheme was successfully launched, which increased the number of weekly prizes, the value of the prize fund and the chances of winning.
The number of prizes increased by 37% to 44,310, as result of the new prize structure, which equates to over 78,000 prizes to be won in a 12 month period.
Speaking at the company's AGM today, Chairman Michael O'Keeffe said that the new structures of the fund and the prizes meant customers were winning far more prizes from their investments in Prize Bonds.
Commenting on the changes in the company, he said he remained confident that they would enhance the attractiveness of Prize Bonds as an investment opportunity.
