ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

eligible

The latest news and discussion on Royal Mail Shares.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
All news and discussion on Daniel Kretinsky's full takeover of Royal Mail.
steveoooo1
Posts: 58
Joined: 11 Aug 2015, 19:40
Gender: Male

eligible

Post by steveoooo1 »

Hi Started on the 19th of this month(oct)

Will I be eligible for any shares soon or in the future?

Hope this doesn't sound to silly

Cheers Steve
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72561
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: eligible

Post by TrueBlueTerrier »

its unclear if there is another 1% coming to us making a total 12% given to staff and depending on the qualifying criteria you may or may not qualify. Ditto with the bad leaver distribution over the next 3 years.

However unless RM buy shares on the open market to give to staff its unlikely that anymore share issues will happen.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: eligible

Post by RobertT »

I don’t think there’s anything particularly unclear about whether we’re getting any more shares – we are. It’s just a matter of when. http://www.myroyalmail.com/news/2015/10 ... l-shares-0" onclick="window.open(this.href);return false;

The last lot of shares we received(103 for full timers) had a qualifying period of 1st June – 5th October, so you had to be in paid RM employment during that time to receive them. I would assume we there would a similar period of time for this last 1%. Whether starting on 19th October would qualify you is unlikely in my opinion, it will all depend on how long the process takes. Although as TBT suggests, there may be further small allocations due to people leaving the business and having to relinquish their shares.
Links to all RM pension related websites are here
steveoooo1
Posts: 58
Joined: 11 Aug 2015, 19:40
Gender: Male

Re: eligible

Post by steveoooo1 »

Thanks for the reply Guys. Hope I do at some point but hey ho...life goes on etc :wink:
Rumple
Posts: 428
Joined: 20 Nov 2013, 10:45
Gender: Male

Re: eligible

Post by Rumple »

steveoooo1 wrote:Hi Started on the 19th of this month(oct)

Will I be eligible for any shares soon or in the future?

Hope this doesn't sound to silly

Cheers Steve
There is no shares left pal, they've all been shared out. You could buy some though.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72561
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: eligible

Post by TrueBlueTerrier »

Rumple wrote:
steveoooo1 wrote:Hi Started on the 19th of this month(oct)

Will I be eligible for any shares soon or in the future?

Hope this doesn't sound to silly

Cheers Steve
There is no shares left pal, they've all been shared out. You could buy some though.
There is another 1% being gifted to us, apparently.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: eligible

Post by arnold cheshire »

TrueBlueTerrier wrote:its unclear if there is another 1% coming to us making a total 12% given to staff and depending on the qualifying criteria you may or may not qualify. Ditto with the bad leaver distribution over the next 3 years.

However unless RM buy shares on the open market to give to staff its unlikely that anymore share issues will happen.
That's interesting where do the save has you earn shares come from?
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: eligible

Post by RobertT »

arnold cheshire wrote:
TrueBlueTerrier wrote:its unclear if there is another 1% coming to us making a total 12% given to staff and depending on the qualifying criteria you may or may not qualify. Ditto with the bad leaver distribution over the next 3 years.

However unless RM buy shares on the open market to give to staff its unlikely that anymore share issues will happen.
That's interesting where do the save has you earn shares come from?
When people signed up to SAYE they set aside a certain number of shares at the time. So they have already been accounted for.
Links to all RM pension related websites are here
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: eligible

Post by arnold cheshire »

RobertT wrote:
arnold cheshire wrote:
TrueBlueTerrier wrote:its unclear if there is another 1% coming to us making a total 12% given to staff and depending on the qualifying criteria you may or may not qualify. Ditto with the bad leaver distribution over the next 3 years.

However unless RM buy shares on the open market to give to staff its unlikely that anymore share issues will happen.
That's interesting where do the save has you earn shares come from?
When people signed up to SAYE they set aside a certain number of shares at the time. So they have already been accounted for.
Thanks robert