SAYE: very high demand:35,000 plus employees take up offer

[POSTMAN]

https://www.myroyalmail.com/news/2014/0 ... igh-demand" onclick="window.open(this.href);return false;

More than 35,000 employees have decided to take advantage of the SAYE scheme – significantly more than expected. This is more than twice the number of employees who chose to buy shares under the EPO at the time of our flotation.

Due to very high demand for our Save As You Earn (SAYE) scheme, we need to reduce the amount that can be saved.

Reducing savings amounts

Everyone’s application will be accepted. But, the amount anyone can save will be reduced by the same proportion, unless this reduction takes you below the minimum savings amount. In this case, your application will be reduced to the minimum savings amount.

If you chose to save the minimum amount, your application will not be reduced.

The minimum savings amounts were:

£1.25 if you are paid weekly
£5 if you are paid monthly
More information

For more information, visit http://www.myroyalmail.com/saye" onclick="window.open(this.href);return false; and watch this week’s RMTV.

[POSTMAN]

We look at next steps on SAYE

The granting of options will take place in due course. We will confirm the proportion by which we are reducing applications at this time.

Option certificates

You will receive your welcome letter and option certificate at the end of October 2014.
Your option certificate will tell you how much you will save under SAYE every month, even if you are paid weekly.
It will also tell you the number of shares you will have the opportunity to buy at the end of the savings term and how much you can buy them for.
Those taking part in SAYE will start saving in November 2014.
More information

For more information, visit http://www.myroyalmail.com/saye" onclick="window.open(this.href);return false; and watch this week’s RMTV.

[Patrick301]

we are gonna be loaded in 3 years time

[dvbuk55]

we are gonna be loaded in 3 years time

Are you ever 1.25 a week for 3 years, I'd start planning now if I was you, new yacht, pay off the mortgage, hire a man servant

[Rommagic]

Say £10 a week how much will this be reduced?high demand.

[Lounge Lizard]

https://www.myroyalmail.com/news/2014/0 ... igh-demand

More than 35,000 employees have decided to take advantage of the SAYE scheme – significantly more than expected. This is more than twice the number of employees who chose to buy shares under the EPO at the time of our flotation.

Due to very high demand for our Save As You Earn (SAYE) scheme, we need to reduce the amount that can be saved.

Reducing savings amounts

Everyone’s application will be accepted. But, the amount anyone can save will be reduced by the same proportion, unless this reduction takes you below the minimum savings amount. In this case, your application will be reduced to the minimum savings amount.

If you chose to save the minimum amount, your application will not be reduced.

The minimum savings amounts were:

£1.25 if you are paid weekly
£5 if you are paid monthly
More information

For more information, visit http://www.myroyalmail.com/saye" onclick="window.open(this.href);return false; and watch this week’s RMTV.

So just over three-quarters of Royal Mail employees have decided NOT to take advantage of the SAYE scheme.

[eastie]

RM say that twice as many people are doing SAYE than buying shares when floated.
That's obvious as no postmen has any large amounts of cash and saving weekly is easier

[worktotime]

3 words , there dropping fast , could the shares drop to £3.60 ? the starting price of this wonderful scheme.

[factorycat]

3 words , there dropping fast , could the shares drop to £3.60 ? the starting price of this wonderful scheme.

who cares what they are now!!!... It's all about what price they are in 3 years time...... If there lower.. Get your money back... If there higher... Buy shares at £3.60 and sell them... Simples.... Easy money!!...

[Hitcher]

3 words , there dropping fast.

That's 4 -

They are dropping fast