SIP 2016

Post by **TrueBlueTerrier** » 22 Aug 2016, 16:12

http://www.myroyalmail.com/news/2016/08/sip-2016" onclick="window.open(this.href);return false;

In October, eligible employees will be given a Share Incentive Plan (SIP) 2016 allocation of Free Shares.

At the start of September, a SIP 2016 mailing will be sent to your home. This will include:

Your invitation to take part in the SIP 2016 Free Shares Offer
Your guide to the SIP 2016 Free Shares Offer
An opt-out form
How to take part

If you’re eligible and want to take part in the SIP 2016 Free Shares Offer, you do not need to do anything. You will automatically be given your Free Shares through the SIP.

We expect to award the SIP 2016 Free Shares on 6 October 2016.

If you have any queries please contact your.news@royalmail.com

borgpicard · Post by **borgpicard** » 23 Aug 2016, 19:58

Just wanna cash mine in and leave.

jzhowie · Post by **jzhowie** » 23 Aug 2016, 21:30

What's the eligibility criteria?

Nondescript · Post by **Nondescript** » 24 Aug 2016, 00:11

borgpicard wrote:Just wanna cash mine in and leave.

It will be interesting to see how many leave in October. I'm also of a mind to sell mine and go, but who knows, October might be an easy month and I might want to stay on a bit longer

Deadly · Post by **Deadly** » 24 Aug 2016, 09:27

I know of one who is definitely leaving in October and the reason he has waited is so he doesn't lose the shares.

Post by **TrueBlueTerrier** » 24 Aug 2016, 13:47

Deadly wrote:I know of one who is definitely leaving in October and the reason he has waited is so he doesn't lose the shares.

Word of Warning.

Leaving in October only protects the 1st tranche of shares - the 3 other tranches will be forfeited

Which is over 200 shares probably as much as 300 after this issue or around £1500.

Post by **RobertT** » 24 Aug 2016, 14:06

SIP 2016 UPDATE

https://www.myroyalmail.com/news/2016/0 ... ree-shares" onclick="window.open(this.href);return false;

In October, eligible employees will be given a Share Incentive Plan (SIP) 2016 allocation of Free Shares.

The SIP 2016 Free Shares Offer is made up of two parts: 1% of company shares, and the shares bought with the final dividend 2015-16.

1% of company shares

In October 2015, the Government sold its remaining stake in Royal Mail. It also set aside 1% of shares in Royal Mail (10 million shares) for eligible employees, to be awarded in 2016. The Government transferred these shares to the SIP Trust in March 2016.

Shares bought with the final dividend 2015-2016

As the SIP 2016 Free Shares had not been given to eligible employees by the time the final dividend 2015-16 was paid (on 29 July 2016), the SIP Trustee will use the dividend due on these shares to buy more shares (likely to be around 300,000 shares).

Keep an eye out for your SIP 2016 Free Shares Offer home mailing, landing at the start of September.

If you have any queries please contact your.news@royalmail.com

mark.cup · Post by **mark.cup** » 24 Aug 2016, 16:27

Will the extra shares bought with the dividend be awarded to the staff?

Post by **TrueBlueTerrier** » 24 Aug 2016, 16:41

jzhowie wrote:What's the eligibility criteria?

Unknown as yet but in the past all you had to be was "in post" between certain dates.

Post by **RobertT** » 24 Aug 2016, 16:43

mark.cup wrote:Will the extra shares bought with the dividend be awarded to the staff?

Presumably, but it'll only be 2 or 3 extra each anyway.

A2B · Post by **A2B** » 24 Aug 2016, 16:55

RobertT wrote:
mark.cup wrote:Will the extra shares bought with the dividend be awarded to the staff?
Presumably, but it'll only be 2 or 3 extra each anyway.

Wasn't a figure of around 75 shares for ft employees quoted? with the usual pro rata deal for pt

Post by **TrueBlueTerrier** » 24 Aug 2016, 17:03

A2B wrote:
RobertT wrote:
mark.cup wrote:Will the extra shares bought with the dividend be awarded to the staff?
Presumably, but it'll only be 2 or 3 extra each anyway.
Wasn't a figure of around 75 shares for ft employees quoted? with the usual pro rata deal for pt

Yes - but the question answered here was about the extra shares bought with the dividend, that works out at about 2 or 3 each.

A2B · Post by **A2B** » 24 Aug 2016, 17:12

TrueBlueTerrier wrote:
A2B wrote:
RobertT wrote:
mark.cup wrote:Will the extra shares bought with the dividend be awarded to the staff?
Presumably, but it'll only be 2 or 3 extra each anyway.
Wasn't a figure of around 75 shares for ft employees quoted? with the usual pro rata deal for pt
Yes - but the question answered here was about the extra shares bought with the dividend, that works out at about 2 or 3 each.

How many shares were we due to get before this announcement? I thought we were only due 15-20ish

mark.cup · Post by **mark.cup** » 24 Aug 2016, 17:24

Should be around 103 like last time it's another 1% of the company

https://www.gov.uk/government/uploads/s ... es-web.pdf" onclick="window.open(this.href);return false;

Dorset Plodder · Post by **Dorset Plodder** » 24 Aug 2016, 17:50

I find I work a lot harder, and I'm a lot more conscientious, now that I'm a Share Holder!

It does surprise me though...The amount of fellow shareholders who continue to deliver Un-Franked (FREE) Stamps, Redirect Customers Mail to new Addresses without a Redirection Request (FREE) and generally don't seem to be too bothered about increasing our Dividends!