The 2014 Save As You Earn (SAYE) scheme matures on 1 December 2017. If you have been taking part in this scheme over the last three years, you will now be able to use your savings to buy Royal Mail shares at the option price of 360p*.
A booklet and statement will be landing at homes from Thursday 9 November with detailed information on what you can do with your savings. You have six months from the maturity date on your statement to make your decision. After this time, your option to buy shares will lapse and your savings will be returned to you.How to make your choices
To view your SAYE account and submit your instruction, log onto the Employee Share Plan portal at http://www.royalmailemployeeshares.co.uk
The portal is live and you can submit your instruction now for processing on 1 December. If you are registering for the first time, please note you will need to activate your account first. Date for your diary – 24 November
If you want to exercise your option to buy shares at the first opportunity, you will need to submit your instruction by 24 November.
This will also ensure you are eligible for any interim dividend Royal Mail pays in January 2018. Your name needs to be on the shareholder register by the dividend record date, likely to be in early December 2017.More information
If you have any questions after reading the booklet, you can contact Equiniti, the scheme administrator, free** on 0800 012 12 13.
If you are taking part in the scheme but do not receive your SAYE mailing in the next few days, please contact Equiniti.
*If you have taken a payment holiday during the savings term, your maturity date will be deferred by the number of payments that you have missed. Your revised maturity date is on your statement.
**Calls are free from a BT landline, but other network providers may charge. Opening hours: 8.30am to 5.30pm Monday to Friday, excluding bank holidays.
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