Eligible employees to receive SIP 2016 formal allocation notices next week

Post by **POSTMAN** » 28 Oct 2016, 14:39

https://www.myroyalmail.com/news/2016/1 ... ion-notice" onclick="window.open(this.href);return false;

From Tuesday 1 November, eligible employees will receive their SIP 2016 formal allocation notice. This sets out the number of Free Shares you have been given as your SIP 2016 allocation.

The formal allocation notice also sets out when you were given your SIP 2016 Free Shares (on 6 October 2016), the initial market value of the Free Shares (see jargon buster), and the holding period.

Remember, under HM Revenue & Customs rules, you cannot sell your Free Shares for three years from the date you are given them, except in certain circumstances. This means the value of the shares when you sell them will probably change from the initial market value.

After three years, you can sell your shares but you will need to pay income tax and National Insurance. Once you have held your Free Shares for five years, you can sell them directly from the SIP free from tax and National Insurance.

Your formal allocation notice has been issued by the Trustee of the Royal Mail Share Incentive Plan. The Trustee is holding the Free Shares on your behalf.

Your formal allocation notice is a document of record, so please keep this somewhere safe.

HarryPoorer · Post by **HarryPoorer** » 30 Oct 2016, 20:41

What happened to a productivity bonus?

Darren Bent · Post by **Darren Bent** » 01 Nov 2016, 18:43

Is this the forth lots of shares. Just double checking.

Post by **TrueBlueTerrier** » 01 Nov 2016, 19:22

Post by **Pacific** » 02 Nov 2016, 16:01

What is the criteria to receive the final SIP allocation?

Post by **TrueBlueTerrier** » 02 Nov 2016, 16:07

Pacific wrote:What is the criteria to receive the final SIP allocation?

http://www.myroyalmail.com/sites/defaul ... %20AW2.pdf" onclick="window.open(this.href);return false;

The following employees are eligible for SIP 2016 Free Shares.

✔ Full-time and part-time employees in the UK who have been continuously employed by Royal Mail Group
Limited from 17 March 2016 (the date given by the Government), and are still employed by Royal Mail
Group Limited when the SIP 2016 Free Shares are given to eligible employees. This includes Royal Mail
employees who are on permanent, temporary or fixed-term contracts, and those who are under 18 years
of age.

✔ All eligible full-time employees will be given around 75 SIP 2016 Free Shares. They will receive the same
number of shares, regardless of their grade.

✔ Eligible part-time employees will be given a proportionate (pro-rata) number of SIP 2016 Free Shares
(up to the maximum number of shares given to a full-time eligible employee). The number of SIP 2016
Free Shares eligible part-time employees are given will be based on their paid hours between 2 May 2016
and 31 July 2016. If this number is less than 10, their SIP 2016 Free Shares award will be rounded up to
10 Free Shares.

✔ Part-time eligible employees on paid or unpaid leave (including those on maternity or paternity leave)
during all or part of the period between 2 May 2016 and 31 July 2016 will have their SIP 2016 Free Shares
award based on their standard contractual hours. Full-time eligible employees on paid or unpaid leave
(including those on maternity or paternity leave) during all or part of that period will be treated as eligible
full-time employees for the whole period.

Employees who leave Royal Mail for any reason after 2 May 2016 but before the Free Shares are given
to eligible employees will not be given any SIP 2016 Free Shares.