Postmen's shares

[sparkx]

"so i think any extra shares held by royal mail employees will not be accessible for three years! Not a good deal especially if you need your money back now!"

Any extra shares anyone bought are not in the SIP so you can sell them straight off with a trading cost of 0.75% min fee £7.50. But i think you will have to pay CGT on the gain (18%?). Or best bet pay £10 to transfer them into a self select stocks and shares ISA for £10 and avoid the tax if you under your isa limit for the year.

[clashcityrocker]

The value and number of your shares will be determined by the price today.
How exactly could you have a certificate already?

As far as i know we get the shares at the start price NOT todays price, full time get around 606 iirc

Share price performance means employee’s £3,000 annual limit could be exceeded
HMRC requires us to value the initial allocation of Free Shares based on the closing mid-price when the London Stock Exchange closes today (15 October 2013)

[wandle]

"so i think any extra shares held by royal mail employees will not be accessible for three years! Not a good deal especially if you need your money back now!"

Any extra shares anyone bought are not in the SIP so you can sell them straight off with a trading cost of 0.75% min fee £7.50. But i think you will have to pay CGT on the gain (18%?). Or best bet pay £10 to transfer them into a self select stocks and shares ISA for £10 and avoid the tax if you under your isa limit for the year.

Only if the profit you make, exceeds the Annual Exempt Amount, currently £10900. To make a gain of that magnitude, would need the share price to rise still further.
Even Moya Greene, who must surely have purchased - as an employee - at least the £10,000-worth of shares in the Employee Priority offer, would have to sell the shares at a price of 690p/share to make that much profit.

Personally, I wouldn't be too upset if the share price got to that level. It would make our 725 free shares worth a very tidy £5002.50

[tragictramp]

So whats the allocation for a part timer on a 35 hour contract? not that ill see them mind, 3 years in this hell hole hmmmm

[wandle]

So whats the allocation for a part timer on a 35 hour contract? not that ill see them mind, 3 years in this hell hole hmmmm

725 divided by 39, multiplied by 35 ... = 650.64 = 650 shares (only whole shares can be allocated, obviously)

[Darren Bent]

so when the dividends from shares will come and will it go straight to our account or go to the trust or what. Just wondering.

[tragictramp]

So whats the allocation for a part timer on a 35 hour contract? not that ill see them mind, 3 years in this hell hole hmmmm

725 divided by 39, multiplied by 35 ... = 650.64 = 650 shares (only whole shares can be allocated, obviously)

thx im a millionaire unless i leave within 3 years!

[korky]

So whats the allocation for a part timer on a 35 hour contract? not that ill see them mind, 3 years in this hell hole hmmmm

is the allocation pro rata on your contracted hours or on an average of actual hours worked over a recent period?
i know of a few 20hrs workers who regularly do more than most f/t workers, would seem unfair they'd only get half.
we did have a wtl about this but i must have been asleep.

[shepherdess]

What happens to the dividend payments on the free shares

[pinstripe]

So whats the allocation for a part timer on a 35 hour contract? not that ill see them mind, 3 years in this hell hole hmmmm

is the allocation pro rata on your contracted hours or on an average of actual hours worked over a recent period?
i know of a few 20hrs workers who regularly do more than most f/t workers, would seem unfair they'd only get half.
we did have a wtl about this but i must have been asleep.

The allocation for p/t is based on an average during the three months leading up to the privatisation. If a p/t worked on average say, 35 hours per week during that time, their allocation would be based on 35 hours not their contracted hours. There is a thread on here that explains it better...somewhere.

[rhino49]

They've dropped 14 points this morning - lets see which way they go when the ballot result comes out

[OnAFlyer]

So how do they work out our dividend's,as this is going to be the only money were going to see for the next three years how do they work it out.

We're looking at around £120 per year in dividends I think. We have a fixed amount of shares so the actual share price shouldn't matter as I think RM have guaranteed to pay a certain amount in dividends for the first 2 years. At the current share price the dividend is around 4%, at the initial price it was around 6%. As I said though, it doesn't matter to us for the first couple of years as it works out the same.

[Lkhardyuk]

as reported on todays BBC News webxite business section

`On Tuesday Royal Mail confirmed that full-time staff would receive 725 shares, worth £3,545 at Tuesday's close`

[Darren Bent]

but it is right day to sell the shares due to potential vote result then buy them again when there is pay deal agreed.

[andy1976]

Many shares you reckon us posties will get then?.. Also im part time 32 hours so its pro rata for me.