Embed Size (px)
Citation preview
ShareSave 2020
Sharing in our success
This convenient and flexible scheme allows you to save money each month, and to buy shares in our company at a discounted price. And here’s the best bit - you’ll never get back less than you save, and if our share price goes up, you could get a lot more.
Welcome to ShareSaveShareSave is a great employee benefit that helps you share in any future success.
Affordable - save from £5 to £500 per month
Convenient - savings are taken directly from your pay
Flexible - you can take back everything you have saved at any time
Discounted - buy shares at a 20% discounted price
Potential for profit - if our share price goes up, you could make money
Low Risk - If the share price goes down you can always get back what you have saved
You save money for 3 years
You choose whether to buy discounted shares
321 We set a discountedshare price
This is the price at which you can buy our shares at the end of the scheme.
It’s known as the Option Price and includes a 20% discount, on the market price at the time the scheme is launched.
Your Option Price is £7.608.
How ShareSave worksIt’s as easy as one, two, three.
You save money for 3 years
You choose whether to buy discounted shares
321 We set a discountedshare price
You can save from £5 - £500 per month.
Choose an amount you’ll be comfortable with - you can’t change it.
Want to take a payment break? You can delay making up to twelve monthly payments.
Need your money back? You can get your money back in full at any time.
Already in ShareSave? You can’t save more than £500 per month across all your schemes.
How ShareSave worksIt’s as easy as one, two, three.
You save money for 3 years
You choose whether to buy discounted shares
321 We set a discountedshare price
After 3 years you choose whether to use your savings to buy discounted shares.
If our share price is...
Higher than your Option Price You can buy the shares at the lower Option Price.
Lower than your Option Price You can simply take back all the money you’ve saved.
How ShareSave worksIt’s as easy as one, two, three.
The examples shown above are for illustrative purposes only and are based on an example share price of £10, at the time of the invitation, and an Option Price of £8.00.Remember, share prices can fall as well as rise and past performance is not a guide to future returns. *This figure assumes an annual share price increase of 5.6%.
Monthly saving
£50
£100
£250
£500
£1,800
£3,600
£9,000
£18,000
Total savings
Our share price fallsYou can take back everything you have
saved. You won’t lose a penny.
You could buy shares worth
Monthly saving
£50
£100
£250
£500
£2,250
£4,500
£11,250
£22,500
£450
£900
£2,250
£4,500
Potential profit
Our share price stays the sameIf you use your savings to buy shares
you will make money, because you benefit from a 20% share price discount.
You could buy shares worth
Monthly saving
£50
£100
£250
£500
£2,655
£5,310
£13,275
£26,550
£855
£1,710
£4,275
£8,550
Potential profit
Our share price risesIf you use your savings to buy shares, the share price rise could really boost
the value of those savings. If our share price rises to £11.80…*
What could happen in 3 years?
Dates for your diary
You can join ShareSaveYou’ll receive an email inviting you to join.
First payment dateYour first payment will be taken directly from your pay.
Deadline to joinYou must make your application by 5pm.
It’s decision timeYou choose whether to buy discounted shares, or take back the money you have saved.
2 September
2020
November 2020
22 September
2020
1 December
2023
A fixed number of shares are available If ShareSave 2020 is oversubscribed, we may need to reduce the amount of money you can save each month. If this happens, we’ll let you know shortly after the offer window closes on 22 September 2020 and we’ll reduce all applicants’ payments proportionally so that everyone can still take part.
How to join
Online
Visit: www.computershare.com/unitegroupshareplans
Enter your Shareholder Reference Number (SRN) (included on your invitation) and Personal Identification Number (PIN)*
Click on ‘Apply’ and follow the straightforward instructions. You will receive an email confirming that your application has been accepted.
* Your Personal Identification Number (PIN) will be sent to you in a separate mailing, unless you are an existing online user or have previously been issued a PIN. You will immediately be asked to change your PIN. If you have previously used the Computershare online service, or have previously been issued a PIN, but cannot remember your PIN, log onto the website using your SRN, click “Forgotten PIN?” and follow the instructions to receive a new one.
1
2
3
*
Frequently Asked Questions
Joining ShareSaveAm I eligible to join ShareSave?You are eligible to join ShareSave if you were employed prior to 1 August of the current invitation year, and still employed on the Date of Grant.
What if I am on holiday when the deadline for applications passes?If you know you will be away, please contact: Computershare by emailing [email protected] or by calling +44 (0) 370 707 1376.
How is the Option Price calculated?The Option Price is calculated by taking the mid market quotation from the Official List of our shares on 1 September 2020 and discounting it by 20%.
How do I track the market value of Unite Group Plc shares?The share price is displayed on the home page of the intranet at all times. Additionally you can monitor the market value of these shares on the Computershare Employee Online website at www.computershare.com, subject to a 20-minute delay.
Managing your ShareSave accountWhen will my scheme start and when will the first payment be deducted from my pay?Your scheme will commence on 1st December. The first contribution will be taken from your November pay and continue for a period of 36 months with a final payment in October.
What information will I receive?Computershare will contact you using the details that are saved on your Computershare online account – so please ensure you keep these details up-to-date. An option certificate will be available to view from your online account shortly after the application window closes on 22 September 2020.
This will show the number of options you have been awarded (options represent the number of shares you will be able to buy at the end of your savings period).
You will also receive an annual statement. We will write to you shortly before the end of your savings period with further information on the choices available to you.
Can I cancel my ShareSave scheme?You can stop saving at any time and get back all the money you have saved. But remember, once you cancel, you can’t re-start ShareSave and you will lose the option to buy shares. If you wish
to stop saving, please contact Computershare by emailing [email protected] or by calling +44 (0) 370 707 1376. Please also make your payroll department aware.
What happens if……I am unable to make a payment?If you are unable to make a payment, don’t worry. Computershare can delay your Maturity Date (the date your savings period comes to an end) by one month for each month missed.
You can then make the payment(s) up. The most you can miss is twelve monthly payments (these can be separate periods of one or more months or a single twelve-month period).
If you wish to miss any payments, please contact the Unite Students Payroll team at: [email protected] to confirm which scheme year you are referring to (if you have more than one scheme open) and which months you wish to have a contribution holiday.
If you miss more than twelve monthly payments you will lose the option to buy Unite Group Plc shares and Computershare will contact you regarding the return of your savings.
…I leave Unite Group Plc?If you leave for any reason at all, you get all your savings back. If you leave for any of the reasons below, you can choose to continue saving for six months and then buy shares at the Option Price.
- Retirement - Redundancy - Injury or disability - Transfer to another company.
If you resign or are dismissed, you can arrange to continue saving, or you can take your savings out of the scheme as cash. You will not have the option to purchase shares at the end of the scheme.
...something happens to Unite Group Plc?If there is any change to the Company, such as a takeover or a merger, you will receive full details of how this will affect your participation in the Unite Group Plc ShareSave schemes. Should this happen, you can rest assured that your savings won’t be at risk.
…I take maternity leave or am on long-term sick leave?You can stop saving for up to twelve months – simply remember to contact: [email protected].
If you wish to continue to make payments during a period when you are not receiving any pay, contact Computershare for a standing order form by emailing [email protected] or by calling +44 (0) 370 707 1376.
If you miss more than twelve monthly payments you will lose the option to buy Unite Group Plc shares and Computershare will contact you regarding the return of your savings.
...I might miss the invitation deadline because I’ve locked my PIN and a new one is being sent either to my email or in the post. What should I do?Contact Employee Benefits as soon as possible on 0117 3021782 or e-mail [email protected]. A member of the team will be able to assist with your query to ensure you meet the invitation deadline.
TaxThe tax information provided below is solely to help you make your own decisions. You should seek expert advice if you need additional guidance. This information is based on our understanding of current tax legislation, which is subject to change. Please remember that tax legislation might change over the duration of your scheme.
Income Tax and National InsuranceThe money you save each month comes from your pay after you’ve paid tax – so you don’t need to pay any more Income Tax or National Insurance on your savings.
If you decide to buy Unite Group Plc shares with your savings, you will be entitled to receive any dividends paid by Unite Group Plc in the future, which might be subject to Income Tax. For further information on the tax treatment of dividends, please visit www.hmrc.gov.uk
Frequently Asked Questions
Capital Gains Tax (CGT)If you buy Unite Group Plc shares with your savings, and then sell them at a profit, you might have to pay Capital Gains Tax. This will happen if the profit, combined with any profits you’ve made from other investments, exceeds your annual exempt amount in a given tax year (a tax year runs from 6th April one year, to 5th April the next). The annual exempt amount is £12,300 for the 2020/2021 tax year.
Please remember that tax laws can change and might not be the same at the end of the three-year plan as they were at the beginning. For further information visit www.hmrc.gov.uk
What is MiFID?EU legislation Markets in Financial Instruments Directive 2 (MiFID II); requires Computershare to confirm some additional personal details.
Computershare requires your full name, date of birth, Nationality and National ID, before they can complete some transaction requests. When you log into your online account you will be prompted to enter or confirm your details.
Find out more and read the frequently asked questions on our dedicated information page.
Does this booklet tell me everything I need to know about the ShareSave?This brochure is only a general guide to how ShareSave works. The scheme is governed by the Unite Group Plc ShareSave Scheme rules and, in respect of your savings contract, a prospectus (a copy of which can be found online at www.computershare.com/unitegroupshareplans under ‘Plan Documentation’).
In the event of any conflict between this brochure, the ShareSave Rules and any applicable legislation, the ShareSave Rules and applicable legislation will take precedence.
Specific provisions in ShareSave mean that you waive any claim to compensation in respect of ShareSave when you leave employment. No financial or investment advice is provided in this brochure.
If you are in any doubt as to whether or not you should join ShareSave you should take advice from your own independent financial adviser.
The value of shares may go down as well as up. If you would like any further details on ShareSave, please get in touch with our specialist team at Computershare.
Frequently Asked Questions
It only takes two minutes Join by 22 September 2020
Our award-winning share plan partner. ShareSave is administered by Computershare Plan Managers. Computershare is an award-winning, global provider of share plans with over 35 years’ experience in the industry.
With over 1,000 share plan specialists in 20 locations across the globe, Computershare offer unrivalled expertise.
You can find out more about them at www.computershare.com
12O5SD D05
