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Final price for 1st day sales

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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cobrakai
MAIL CENTRES/PROCESSING
Posts: 320
Joined: 13 Dec 2007, 17:17

Final price for 1st day sales

Post by cobrakai »

I agree with that. But to not even tell people they are able to sell them. If they aren't worried about us all selling them why not tell us.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Final price for 1st day sales

Post by RobertT »

We have known all the details about the free shares including when we can sell, etc since September 2013, and it’s been done to death on these forums. Why does anyone need to be told again?
Links to all RM pension related websites are here
A2B
Posts: 1924
Joined: 25 Feb 2009, 19:34
Gender: Male

Final price for 1st day sales

Post by A2B »

cobrakai wrote:I agree with that. But to not even tell people they are able to sell them. If they aren't worried about us all selling them why not tell us.
Sure it was spoken about on RMTV during WTL last Tuesday
dunnda11
Posts: 2
Joined: 19 Oct 2016, 21:43
Gender: Male

Final price for 1st day sales

Post by dunnda11 »

tragictramp wrote:Just called the shares hotline and the price they sold at yesterday were 4.869973, so multiply this by your amount of shares, then deduct 32%.
I'm told by our union rep, you pay T&NI on the price we got them at (3.30p) not the price you sell them at.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Final price for 1st day sales

Post by RobertT »

dunnda11 wrote:
tragictramp wrote:Just called the shares hotline and the price they sold at yesterday were 4.869973, so multiply this by your amount of shares, then deduct 32%.
I'm told by our union rep, you pay T&NI on the price we got them at (3.30p) not the price you sell them at.
Oh for Gods sake! That’s something else we’ve known for 3 years!!!!!!!!!! :arrrghhh :arrrghhh :arrrghhh :arrrghhh :arrrghhh

Your union rep is wrong, the allocation price of the first batch was £4.89 and we pay tax & NI on the lower of the market price when allocated or the market price when sold(or removed from SIP).

All the details are on page 22 here: https://www.myroyalmail.com/sites/defau ... ochure.pdf" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
CAMPINGBLUNDERER
Posts: 182
Joined: 08 Feb 2010, 14:37
Gender: Male

Final price for 1st day sales

Post by CAMPINGBLUNDERER »

It's scary how misinformed some people are given how much information has been sent to us ...
wandle
Posts: 944
Joined: 25 Feb 2011, 17:17
Gender: Male

Final price for 1st day sales

Post by wandle »

dunnda11 wrote:
tragictramp wrote:Just called the shares hotline and the price they sold at yesterday were 4.869973, so multiply this by your amount of shares, then deduct 32%.
I'm told by our union rep, you pay T&NI on the price we got them at (3.30p) not the price you sell them at.
Time to elect a new union rep FFS