SHARE IN SUCCESS

[POSTMAN]

how long do you need to have been working in royal mail to qualify for this payout

How long is your sentance so far?
EDIT:See my post below.

[POSTMAN]

Your current allocation is 711 shares comprising 408 shares issued in 2007 and 303 shares issued in 2008 which were until recently worth £1.51 each.There is currently a re-evaluation underway at the moment so the current value is unknown until this is finished.

[randompostman]

Blood money paid with our jobs and service so I dont care if it is 15p or £1500.00p I will take it (to not would be stupid now) but watch me bitch about it!

[spen]

How long is your sentance so far?
EDIT:See my post below.


joined in september 2009

[POSTMAN]

How long is your sentance so far?
EDIT:See my post below.


joined in september 2009

Sorry mate,looks like you've missed it...

Your current allocation is 711 shares comprising 408 shares issued in 2007 and 303 shares issued in 2008 which were until recently worth £1.51 each.There is currently a re-evaluation underway at the moment so the current value is unknown until this is finished.

[BELIAL]

has anybody heard anything about the share in success scheme,there are a few rumours circulating in our office that it could be paid before april and it could be as much as £1200.as i said that these are rumours any info anybody,?

Share in Sucess finished about 3 or 4 years ago IIRC.

As people have pointed out there is a 50% payout on the Colleagueshares this year but no way will that be £1200 - based on previous years payouts a 100% payout would be just over £1k - also again based on previous years its around Apr May that we actually end up getting it.

and there's me believing Alan when he gave me the glossy brochure promising £5,000 + ,I'm beginning to have doubts about this firms integrity

[patrickstar]

done deal in the 2010 agreement

june payment of £538 this year
£538 next year

then royal fail have their shares back!!!

[Stampy]

done deal in the 2010 agreement

june payment of £538 this year
£538 next year

then royal fail have their shares back!!!

Yep - we heard the same last night.... 500 & "something" ££ this year, same next year!

[POSTMAN]

Response from CWUHQ to questions about Colleague Shares



We are getting a lot of calls as well. Dave has written to Royal Mail on this subject and is awaiting a reply. Under the terms of the ColleagueShare scheme the shares will be valued in the new financial year (June?) and members will have an opportunity to sell them back to the business at their current value. Or they can keep them another year to see if they go up in value and sell them at that stage.
When we get a reply from Royal Mail we will put out an LTB.

Regards,

Norman Candy
(DGSP Dept)

[curlybap]

the original letter said they could be worth £5,300 after the 5 years were up,usual royal mail figure futtering at work methinks.

[TrueBlueTerrier]

the original letter said they could be worth £5,300 after the 5 years were up,usual royal mail figure futtering at work methinks.

No - IIRC they said they would be worth £5000 (Pro rata of course) over their lifetime - not at final payout. I think approx £3500 has been paid out in dividends, BT2010 deals and revisions so with just over a £1000 to come (based on old figures) they actually wont be that far off.

[pink panther]

Seems to be another farce and load of lies they have told us again.

[BELIAL]

the original letter said they could be worth £5,300 after the 5 years were up,usual royal mail figure futtering at work methinks.

No - IIRC they said they would be worth £5000 (Pro rata of course) over their lifetime - not at final payout. I think approx £3500 has been paid out in dividends, BT2010 deals and revisions so with just over a £1000 to come (based on old figures) they actually wont be that far off.

Dividend is an annual thing ,totally separate from share value ,think of it as interest accrued . £5350 was the value promised ,payable in two parts, that is the "capital worth" where is it ?

[fishtank]

Dividend is an annual thing ,totally separate from share value ,think of it as interest accrued . £5350 was the value promised ,payable in two parts, that is the "capital worth" where is it ?

Royal Mail Group faces a challenging future. Transforming the Company
into a really competitive, successful business will require a major commitment.
As a mark of Royal Mail Group’s commitment to you, we have created the
“ColleagueShare Plan”. ColleagueShares give you a real stake in the future
of our business. Through the Plan, ColleagueShares worth a total of 20% of
the estimated value of Company will be given out. Over the five-year life
of the Plan, you could receive up to £5,300, from the ColleagueShares and
Stakeholder Dividends combined, as a reward for your help in making the
changes that we need for a successful future.

[BELIAL]

Good call fish, so the glossy blurb promising £5ooo as a nest egg was not all it might have been cracked up to be

There's a lesson about trust and honesty buried somewhere in there Bread today or jam tomorrow