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When can we sell the first lot of shares we got?

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.
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sophie97
Posts: 169
Joined: 17 Jul 2013, 15:10
Gender: Female

When can we sell the first lot of shares we got?

Post by sophie97 »

Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72561
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: When can we sell the first lot of shares we got?

Post by TrueBlueTerrier »

sophie97 wrote:Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks

3 years from the following dates

SIP 2013 Free Shares were awarded on 15 October 2013
SIP 2014 Free Shares were awarded on 9 April 2014
SIP 2015 Free Shares were awarded on 5 October 2015
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dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

Re: When can we sell the first lot of shares we got?

Post by dvbuk55 »

sophie97 wrote:Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks
As long as you're a "good leaver" then you retain the shares and will be notified when you've left as to how many share you have and if you want to sell them.
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TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72561
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: When can we sell the first lot of shares we got?

Post by TrueBlueTerrier »

dvbuk55 wrote:
sophie97 wrote:Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks
As long as you're a "good leaver" then you retain the shares and will be notified when you've left as to how many share you have and if you want to sell them.
To make it clear resigning, unless retiring does not count as a "good leaver". Only retiring or being made redundant count IIRC.
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.
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RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: When can we sell the first lot of shares we got?

Post by RobertT »

And if you're 60 or over and resigning, that counts as retiring and you keep the shares.
Links to all RM pension related websites are here
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spiderj
EX ROYAL MAIL
Posts: 969
Joined: 12 Apr 2013, 07:54
Gender: Male
Location: ctp

Re: When can we sell the first lot of shares we got?

Post by spiderj »

Ihr counts as good leaver too.
I won
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Dozen
Posts: 101
Joined: 21 Mar 2013, 18:56
Gender: Male

Re: When can we sell the first lot of shares we got?

Post by Dozen »

TrueBlueTerrier wrote:
dvbuk55 wrote:
sophie97 wrote:Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks
As long as you're a "good leaver" then you retain the shares and will be notified when you've left as to how many share you have and if you want to sell them.
To make it clear resigning, unless retiring does not count as a "good leaver". Only retiring or being made redundant count IIRC.
What about if you hand in a notice and work your notice, that means you're still not a good leaver?
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RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: When can we sell the first lot of shares we got?

Post by RobertT »

Dozen wrote:
TrueBlueTerrier wrote:
dvbuk55 wrote:
sophie97 wrote:Potentially changing job in next couple of weeks. I understand if you do that you lose your shares?

When is the earliest i can sell them? Thanks
As long as you're a "good leaver" then you retain the shares and will be notified when you've left as to how many share you have and if you want to sell them.
To make it clear resigning, unless retiring does not count as a "good leaver". Only retiring or being made redundant count IIRC.
What about if you hand in a notice and work your notice, that means you're still not a good leaver?
You’re only a ‘good leaver’ if you are given IHR, EVR, VR or are over 60. Otherwise you have to wait until at least 3 years before you can sell them.
Links to all RM pension related websites are here
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