Sharesave 2015 Maturity - Reward & Benefits - YBS Share Plans
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Sharesave
2015 Maturity
Reward & BenefitsYour Sharesave journey...
Keeping your shares and
Your Sharesave Maturity Option on Maturity FAQs
becoming a share holder
How do I process my chosen Key dates Where do I go for help?
option?Your Sharesave Maturity
You have been saving for the last 36 months and on 1 December It is your responsibility to
2018 your 2015 Sharesave account will mature, providing you monitor the Share Price of
have not missed any contributions. Kier Group plc shares before
If you have not made all your contributions, payroll will continue to make making your decision. Please
deductions from your salary until all 36 payments have been made. be aware that the current Kier
Share Price can be found on
the Company website.
You now need to choose what you would like to do with
your savings:
Take your savings as cash and not buy any shares.
Buy your Kier Shares at £11.47 per share and receive a share
certificate.
At the time of writing this, the current open market Share Price
for Kier Group plc is significantly lower than the Fixed Option
Price at which you are able to purchase shares.Your Sharesave Maturity (continued...) You do not have to decide if you want to buy your Kier shares straight away, you have until 22 May 2019 to return your Maturity Instruction Form to YBS Share Plans in order to buy your shares before your options lapse on 1 June 2019. Share prices can fall as well as rise, therefore, you should check the price of Kier shares just before deciding whether or not to buy the shares. Past share price performance is not necessarily an indication of future performance. Once you have decided what you want to do, please refer to the “My Choices” section for details about how to provide your instructions to YBS Share Plans.
Options on Maturity
Take your savings as cash
At the time of writing this brochure, the current open market Share
Price for Kier Group plc is significantly lower than the Fixed Option Price
at which you are able to purchase shares.
Therefore, you have the option to request your saving back as cash.
This can be processed by the methods below:
Post
Return your Maturity Instruction Form in the
pre-paid envelope provided. See My Choices
section for further details.
Phone
Simply call the YBS Share Plans Helpline on
0345 1200 300.
Online
Visit ybsshareplans.co.uk/kier
See My Choices section for further details.)Options on Maturity (continued...)
Keeping your shares
At the time of writing this, the
The shares you buy will be registered in your own name, unless
current open market Share
you instruct Kier registrars (Link Asset Services) otherwise when
Price for Kier Group plc is
completing your instructions.
significantly lower than the
Fixed Option Price at which
You should normally receive your Share Certificate within 30 days you are able to purchase
of exercising your option to purchase shares. shares.
If you do not receive your share certificate within 6 weeks of
exercising your options please contact Link on 0871 664 0300
As a shareholder in Kier, you will be entitled to attend and vote at the
Company’s general meetings, of which you will be given advance notice,
and you can expect to receive dividends. Kier usually pays dividends to
shareholders twice a year. Dividends received over £2,000 are taxable and
you will need to declare them on your tax return. Dividends are not guaranteed
and share prices can fall as well as rise.
Important information
In the event that YBS Share Plans receive your instructions to purchase shares and the Kier Group share price is lower
than the Option Price at the time of closure, then YBS Share Plans reserve the right to cancel your instruction, close
your Sharesave account and return your savings to you. In these circumstances your option to buy Kier shares remains
exercisable for a period of six months following your maturity date. If the Kier Group share price subsequently rises
above the Option Price during this six month period please call the YBS Share Plans Helpline for more information.FAQs
How can I sell my shares in What if I have missed a If you leave before 1 December
the future? payment? 2018 due to redundancy, retirement
(as defined in the scheme rules),
If you exercise your option and receive If you have missed one or more transfer to another company under the
a share certificate but decide you wish payments, you may have a deferred Transfer of Undertakings (Protection of
to sell your shares in the future, you maturity date. The choices available Employment) Regulations 2006, injury
can do so by using a stockbroker of to you remain the same as set out in or disability you will be able to buy
your choice. this document, but you will have six your shares.
If you have been notified that you are months from the deferred maturity
date in which to buy your shares. If you leave for any other reason, such
subject to the Share Dealing Code
For example, if you missed one as resignation or dismissal, you will
for transactions in securities of Kier
month’s payment, your 2015 not be able to buy your shares.
Group plc, you must comply with the
requirements of that Code and seek Sharesave contract will mature on If you have left and are able to buy
clearance before dealing in securities 1 January 2019 and you will have until your shares, you must do so within six
of the Company. All employees, even 1 July 2019 to exercise your option to months of leaving the company and
those not included on an insider list, buy the shares. not within six months of the maturity
must not deal in securities of the date.
Company if they believe that they are What if I leave the Company?
in possession of inside information If you have already left Kier, you may
and must immediately notify the not be able to exercise your option. It
Company Secretary. will depend on the reason for leaving
and the date on which you left.FAQs (continued...) What about Tax? Under current legislation, you may be liable to pay Capital Gains Tax if you sell the shares acquired after exercising your option and any profit you may make, when added to other capital gains you may make in the relevant tax year, exceeds the annual exemption (£11,700 for 2018/2019). Your profit on selling shares is calculated as the difference between the sale proceeds of the shares and the amount paid for the number of shares sold. In this case, it would be the difference between the Option Price and the selling price for each share sold, less sale expenses. If your total capital gains exceed the annual exemption they should be reported to HM Revenue and Customs, whether you receive a tax return or not.
How do I process my chosen option?
Paper Phone
Don’t buy shares and... Simply call the YBS Share Plans Helpline
on 0345 1200 300 and a cheque will be
sent out within 24 hours of closing your
Take my savings back as cash Sharesave account.
Please tick box the box in Section One of the YBS
Share Plans Maturity Instruction Form
Online
Visit www.ybsshareplans.co.uk/kier
Now complete Section 3 and return the form to YBS See the next page.
Share Plans in the envelope provided
Finished
A cheque will be sent within 24 hours of closing our
Sharesave account.
Important information
At the time of writing this, the current open market Share Price
for Kier Group plc is significantly lower than the Fixed Option
Price at which you are able to purchase shares.
If you want to purchase the shares please call the YBS Share
Plans Helpline on 0345 1200 300.How do I process my chosen option? (continued...) Online You now have the option to provide your instructions to complete the cash maturity instructions using the secure online or shares closure process. You’ll facility provided by YBS Share Plans by visiting receive an email confirmation once www.ybsshareplans.co.uk/kier and clicking you’ve successfully submitted your on ‘Login’. You’ll need your Customer Number instructions online. and Password to hand, which were confirmed YBS Share Plans will use an when you first registered your account(s). electronic system to verify your If you’ve forgotten this information you’ll identity when you provide your need to call the YBS Share Plans Helpline on maturity instruction online. For 0345 1200 300, but for security reasons you’ll further details about this and how to have to call from the telephone number we provide your instructions please refer have registered against your account otherwise to the ‘Online Instructions Guide’ at these details will be re-issued to you through www.ybsshareplans.co.uk/kier. the post. Once you’ve logged in you’ll need to select the maturing Sharesave account in the account view section (please make sure the account number you select matches the account number stated on your Maturity Instruction Form), click on ‘Closure Options’, make your choice and then follow the on-screen
Key dates
22 November 2018 1 December 2018 1 June 2019
If you wish to request the issue Maturity date Your option to buy shares lapses and you
of a Share Certificate in the first can only receive your savings back as cash.
batch, this is the last date for
receipt of your online instruction
or Maturity Instruction Form by 22 May 2019
YBS Share Plans.
Last date for your online
If your form is not received by instruction or receipt NOTE:
22 November 2018, three of YBS Share Plans What you do with your savings is your
further batches have been Maturity Instruction decision. Neither Kier nor YBS Share
scheduled for forms received Form to ensure your Plans can advise you on what is the best
on or before 29 November, option is exercised by course of action for you in your individual
6 December and 13 December. 1 June 2019 (after circumstances. You may want to clarify your
Thereafter the forms will be which date your option tax position or to seek guidance on how
processed fortnightly after to buy shares will lapse). best to link together most efficiently the
13 December 2018. various courses of action available to you.Where do I go for help?
Any Questions The Financial Services Compensation Scheme (FSCS)
Important information about compensation arrangements
Your eligible deposits with Yorkshire Building Society are protected up to a total
If there’s any further questions you’d like of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit
to ask about the Sharesave after reading guarantee scheme.
this information booklet you can call the This limit is applied to the total of any deposits you have with the following: Yorkshire
plan administrator YBS Share Plans on Building Society, Chelsea Building Society, Norwich & Peterborough Building Society
and Egg. Offset deposits through our subsidiary Accord Mortgages Limited are held
0345 1200 300 by Yorkshire Building Society on behalf of Accord. Any total deposits you hold above
the £85,000 limit between these brands are unlikely to be covered. For further
Lines are open 9.00am until 5.00pm Monday to Friday information please see Section VI of the Sharesave Terms and Conditions.
(excluding public holidays in England and Wales).
Full details are contained in the rules of the Kier Sharesave scheme, which can be
inspected on application to Kier. If there should be any difference between the rules
and this brochure, the rules take precedence
YBS Share Plans is part of Yorkshire Building Society.
YBS Share Plans, Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ
Tel: 0345 1 200 300 • Fax: +44 (0)1274 357 950 • ybsshareplans.co.uk
Yorkshire Building Society provides share plan trustee and administration services, including deposit taking, in the UK and subject to English law and regulation.
We are not responsible for share plan deposits held by local savings carriers outside the UK.
Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial
Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is
106085. Head Office: Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ.
Yorkshire Building Society is a member of the Financial Ombudsman Service. Further details are available on request from the Society.
All communications with Yorkshire Building Society may be monitored/recorded to improve the quality of their service and for your protection and security. Calls to
03 numbers are charged at the same standard network rate as 01 or 02 landline numbers, even when calling from a mobile.
YBM 9989 15 11 18
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