share entitlement

[sledger]

should this privatisation happen will i be entitled to shares,i am on a fixed term part time contract.

[Sidley]

Yes but pro-rata. And remember the last share issue....don't count your chickens.

[fishtank]

Yes but pro-rata.

It's very,very unlikely the share issue would be on a pro-rata basis.
I think the Chairman only "works" a couple of days a month.

[TrueBlueTerrier]

should this privatisation happen will i be entitled to shares,i am on a fixed term part time contract.

In the style of QI

[Sidley]

Yes but pro-rata.

It's very,very unlikely the share issue would be on a pro-rata basis.
I think the Chairman only "works" a couple of days a month.

Awesome, a full share of f**k all probably.

[fishtank]

Yes but pro-rata.

It's very,very unlikely the share issue would be on a pro-rata basis.
I think the Chairman only "works" a couple of days a month.

Awesome, a full share of f**k all probably.

Looks like I was wrong.

The Free Shares scheme will have the following terms to promote its longevity, ensure that employees can own shares in the most tax advantaged manner possible and to align employee engagement with that of Royal Mail:

• in accordance with HMRC Share Incentive Plan rules, employees will be required to hold the shares for at least three years through a specially appointed trustee. Full tax benefits are only available if the shares are held for at least five years or for ‘good leavers’;
• shares will be forfeited if the employee leaves Royal Mail within three years of their award. This will not apply to ‘good leavers’ whose shares will vest tax-free upon departure;
• shares will be allocated to full time employees equally, regardless of grade or pay levels. The allocation will be pro-rated for part time employees based on an employee’s paid hours to differentiate between full and part time workers; and
• to be entitled to shares, employees must have been employed by Royal Mail for a qualifying period prior to listing.
Royal Mail Group Ltd financial performance 2012/13

[dvbuk55]

• to be entitled to shares, employees must have been employed by Royal Mail for a qualifying period prior to listing.Royal Mail Group Ltd financial performance 2012/13

The qualifying period is 65 years unbroken service and you have to be accompanied by both parents to get your issue from the local Post Office

[J@mes]

The shares will be worth nothing in three years. Just like the last time. Absolutely no reason at all to get excited about them.

[cloherty1976]

[quote="J@mes"]The shares will be worth nothing in three years. Just like the last time. Absolutely no reason at all to get excited about them. If this was to happen then we would need a government bailout and would be re nationalised. So do you think this is going to happen...?

[UnhappyGremlin]

The shares will be worth nothing in three years. Just like the last time. Absolutely no reason at all to get excited about them. If this was to happen then we would need a government bailout and would be re nationalised. So do you think this is going to happen...?

The profitable bits will be sold off to 3rd parties or whatever. What's left, the costly bits to run, will be re-nationalised or tax payer subsidised. It'll be longer than 3 years, but it'll happen.
It has done in many other privatised companies like railways, who now get more subsidies than ever. Can't see the prices getting as extortionate as energy prices, as the amounts of mail from the public is dropping already, but they will still rise.