sharesave 2017 documents...• your savings are taken directly from your net pay; i.e. after income...
TRANSCRIPT
Sharesave 2017Take off with Sharesave
Way back in 1792, on Little Grosvenor Street in London a new vendor named Henry Walton Smith was first opening the doors of H W Smith (later to become WH Smith). Little did he know that his small newsagent would go on to become the first chain store company in the world.
225 years later WH Smith is a household name and we continue to build and improve our business year by year.
Our success is down to you and your colleagues, and you can share in any future success of WH Smith by joining Sharesave.
Sharesave is a great employee benefit. Read on to find further information and hear what your colleagues say about Sharesave.
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Sharesave 2017Share in any future success
Sharesave is an easy way to save money every month, straight from your net pay.You can save a fixed amount between £10 and £500 per month for 3 years.
After 3 years you can choose to buy WH Smith shares at a 20% discounted price that was set at the start of the plan.
Whether you are saving for a family holiday, house deposit or just for some extra financial security, Sharesave could help.
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colleagues say?
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What is Sharesave?
A fantastic way to save money as it is taken directly from your wages so you don’t get a chance to spend it!
It makes employees
think about the impact
they have on the share
price, as if the Business
performs well there is
an opportunity for an
employee to benefit.It’s so easy to do and takes
zero minutes of your time.
Fantastic way of saving and
making your money grow.
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What do your WH Smith colleagues say about Sharesave?
Step 1 – You Save
• You can choose to save £10-£500 per month for 3 years.
• Your savings are taken directly from your net pay; i.e. after Income Tax and National Insurance Contributions.
• You cannot change your monthly savings amount, but you can:
close your Sharesave Account at any time and your money will be returned to you. You will, however, lose the right to buy shares.
delay making up to six monthly payments. If you do, the end date of your plan (known as the Maturity Date) will be postponed by 1 month for each missed payment. If you miss more than 6 monthly payments, your Sharesave Account will need to be closed and your savings will be returned to you. You will also lose the right to buy shares.
• If you already participate in Sharesave, the £500 monthly saving maximum applies to the total of your savings across all schemes.
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How does Sharesave work?Sharesave can be explained in two simple steps. You Save, then You Choose.
Step 2 – You Choose
After 3 years you can either:
OR Take back the money you’ve saved.
If the WH Smith share price has gone down to below the Option Price during your savings term, you can simply withdraw all the money you have paid in. Remember – you can take your savings back at any point during the 3 years, but you will lose your right to purchase shares at the Option Price.
Buy WH Smith shares at the 20% discounted price set at the start of the scheme. This price is known as the Option Price.
• The Option Price is the closing mid-market price of a WH Smith share on 10 May 2017, with a 20% discount applied.
• Whatever happens to the WH Smith share price in the next 3 years, the Option Price will stay the same, even if the share price goes up.
• If the WH Smith share price does go up over the 3 year term, you can sell your shares and take the profit, or keep them and become a WH Smith shareholder.
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How does Sharesave work?
1. Type in the amount you want to save per month:
Total 3 year saving: £
Total share Options available after 3 years:
2. Select a Maturity price below to see how much your shares could be worth after 3 years!
£15.00 £18.00 £21.00
Share value at Maturity after 3 years: £
Potential gain after 3 years: £
£
This is for guidance only.
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Interactive calculator Option Price 2017: £14.344
1 August 2020
Maturity Date
Unless you have missed any payments, you will now have the choice to
buy WH Smith shares or take back the money you
have saved.
11 May 2017
Invitation to join
Invitations will be sent by email or post with
details on how to apply.
31 May 2017
Invitation closes (5.00 p.m.)
You must make your application by 5pm on
this date.
July 2017
First payment made
You make your first payment directly from
your pay.
1 August 2017
Contract start date
Your first payment is added to your Sharesave
Account.
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Key dates
Please read the terms and conditions for participating in the WH Smith Sharesave Scheme 2017 and the text message application terms (SMS Terms & Conditions) if applying by text. They can also be found at www.computershare.com/whsmithshareplans under ‘Plan Documentation’ or alternatively by calling the helpline on 0371 495 0100† to request a copy. You will be deemed to have read these documents and that you agree to all terms and conditions if you apply.
Online1. Visit: www.computershare.com/whsmithshareplans
2. Enter your User ID (included on your invitation) and PIN*
3. Follow the simple instructions
You will receive an email confirming that your application has been accepted.
*If you have never used the Computershare online service please use your date of birth in a six digit format as your PIN (e.g. 2 June 1980 will be 020680). You will immediately be asked to change your PIN.
If you have previously used the Computershare online service but cannot remember your PIN, log onto the website using your User ID, click “Forgotten PIN?” and follow the instructions to receive a new one.
By PostIf you wish to apply by post please contact Computershare on 0371 495 0100† to request a paper application form.
Text messageTo join by SMS text, simply type the following:
1. SAYE (followed by a space)
2. Your User ID, shown in your invitation email/letter (followed by a space)
3. Add the number 3 (followed by a space) This indicates the savings period of 3 years.
4. How much you want to save each month in whole pounds
5. Then send this message to: 0786 002 0899
As an example, if you wish to save £25 per month for 3 years your text would read: SAYE C0123456789 3 25
You will receive a text message confirming that your application has been accepted. If you have not received a text confirmation within 2 hours, please call 0371 495 0100†.
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What happens if …
l want to cancel my Sharesave scheme? You can stop saving into Sharesave at any time and get back all the money you have saved. But remember, once you cancel, you can’t re-start Sharesave and you will lose the option to buy shares through Sharesave.
I am unable to make a payment If you find you are unable to make a payment, or if you miss a payment one month, don’t worry. Computershare Plan Managers will delay your Maturity Date (the date your savings contract comes to an end) by a month for each month missed to allow you to make the payment(s) up. The most you can miss is the equivalent of six monthly payments (these can be separate periods of one or more months or a single six month period). If you wish to miss any payments please contact [email protected]
If you miss more than six monthly payments your option to purchase shares will lapse and Computershare will write to you about the return of your savings. You will then need to contact Computershare to arrange for the return of your savings.
What happens if you leave the Company due to...
...disability, retirement or redundancy, or the company or business for which you work is sold? You will have the opportunity to buy shares in WH Smith to the value of your savings within 6 months of leaving. You may
increase the number of shares you can buy by continuing to save during this 6 month period, unless your Sharesave matures before the end of this 6 month period.
...resignation? If you resign you will lose the opportunity to buy shares in the Company. However, you can continue to make payments into your Sharesave Account by standing order by making the appropriate arrangements with Computershare.
...taking maternity leave? You can continue to make payments into your Sharesave Account by standing order during maternity leave by making the appropriate arrangements with Computershare.
And what would happen if you died? Your personal representatives would have up to 12 months following your death to use the proceeds of your Sharesave Account to buy WH Smith shares on behalf of your beneficiaries. Alternatively, your savings will be paid to your estate.
Where are my savings held? Your savings will be held in a Sharesave Account set up for you with The Royal Bank of Scotland plc. Computershare handles all the administration of the WH Smith Sharesave Scheme and they will send you a statement each year showing how much money you have saved. You can find out more about Computershare here.
You should note that no interest or bonus is payable on the savings contract. The interest/bonus rate is set by HMRC.
Am I eligible to join Sharesave? You are eligible to join if you have been employed within the WH Smith Group continuously since 1 October 2016. You must also be employed on the date of grant of your option on 7 June 2017.
What will I receive after I have joined? An option certificate will be sent to you in June confirming the number of shares you will have the opportunity to buy on completion of your savings contract, together with the price of the shares and your Sharesave Account number.
Will tax have to be paid on the shares? Under normal circumstances you will not usually have to pay Income Tax or NICs on the exercise of your option to buy WH Smith shares at the Option Price. However, the Option Price will be the base price for Capital Gains Tax (CGT) purposes and you will need to review your CGT position when exercising your Options or selling the resulting shares (by either contacting your local tax office or a professional tax adviser).
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Frequently asked questions
About Computershare Plan Managers
The WH Smith Sharesave Scheme is administered by Computershare Plan Managers. Computershare is an award-winning, global provider of share schemes with over 20 years’ experience in the industry.
You can find out more about them at www.computershare.com or by contacting them using any of the methods shown to the left.
Does this booklet tell me everything I need to know about WH Smith Sharesave?
This brochure is only a general guide to how Sharesave works. The scheme is governed by the WH Smith Sharesave Scheme rules and, in respect of your savings contract, a prospectus (a copy of which can be found online at www.computershare.com/whsmithshareplans under ‘Plan Documentation’).
In the event of any conflict between this brochure, the Sharesave Rules and any applicable legislation, the Sharesave Rules and applicable legislation will take precedence.
Specific provisions in Sharesave mean that you waive any claim to compensation in respect of Sharesave when you leave employment.
No financial or investment advice is provided in this booklet. If you are in any doubt as to whether or not you should participate in Sharesave you should seek advice from your own independent financial adviser. The value of shares may go down as well as up.
If you have any questions, please get in touch with our specialist team at Computershare.
0371 495 0100†
www.computershare.com/whsmithshareplans
Computershare Plan Managers, Bridgwater Road, Bristol, BS99 6AP
†Calls from a BT line will be charged at standard daytime and evening rates plus network charges. Lines are open from 08.30 - 17.30 Monday - Friday (excluding public holidays).
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