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Enjoy
Plan
Sharesave
2015
Maturity
It’s time to decide
what to do with
your savings!
What are Your choices explained
your choices? 1 Buy your shares and 2 Buy your shares and sell
keep them them using the Jarvis
Maturity Share Dealing Service
You have three different
ways to use your savings, Selecting this choice means you will use the Selecting this choice means you will use the
which are: savings in your Sharesave account to buy all
the shares you are entitled to, keeping them as
savings in your Sharesave account to buy all
the shares you are entitled to, and to sell them
1. Buy your shares and keep them at the Fixed a share certificate; this is known as “exercising using the Maturity Share Dealing Service being
your Option”. provided by Jarvis Investment Management
Option Price of £1.64 per share. You will Limited (“Jarvis”). Your shares will be sold in
receive a share certificate and become a It’s really important for you to keep your
line with the dates shown on page 4 which
certificate safe, otherwise there will be a
Morrisons shareholder. substantial cost to you should you lose your
is dependent on the date your instruction is
received by YBS Share Plans.
2. Buy your shares at the Fixed Option Price certificate.
of £1.64 per share, and sell them using the Jarvis will charge you a flat fee of £12.00 for
When your share certificate arrives you have
the sale of your shares, of which YBS Share
Maturity Share Dealing Service offered the choice to either hold on to the shares or
Plans will receive a £3.50 share to cover their
by Jarvis. to sell the shares. You can use any broker of
administration costs. This dealing fee will be
your choosing to sell the shares but details
3. Take back all the money you’ve saved in your deducted from your sale proceeds before
of the Yorkshire Building Society service for
the balance is paid into the bank account you
Sharesave account and not buy any shares at the sale of certificated shares follow for your
specify online; Jarvis cannot issue a cheque for
£1.64 per share. convenience.
your sale proceeds.
As a shareholder of the Company you’ll be
If you are in any doubt, you are advised to seek entitled to receive dividends (if and when
Jarvis will release your sale proceeds three
Independent Financial Advice. business days after the date your shares
they are paid) and have the chance to vote on
are sold and the money should be in your
important issues at General Meetings of the
Your Sharesave account is due to mature account another two to three days after this.
Company.
A contract note confirming details of the sale
on Sunday 1st July 2018, unless you have any The exercise of share options is an involved will be posted to the address held by YBS
deferred payments. If you have deferred any process and it may take a little time for us Share Plans.
contributions, payroll will continue to make to complete this process with Wm Morrison
The sale of your shares will be subject to
deductions from your pay until all Supermarkets Plc and their share registrars
the enclosed Jarvis Sale Facility Terms and
(Link Asset Services). YBS Share Plans
36 payments have been made. Conditions. Please take the time to read
cannot be held responsible for any adverse
this document before proceeding with this
movements in the share price during this
Remember you have up to 6 months from the Maturity choice.
period. Once the share option exercise
Date shown on the Maturity Instruction Form to process is complete the Company registrars If you would prefer to sell your shares via
decide if you want to buy your shares at £1.64. Please will issue you with a share certificate in another broker of your own choosing please
allow sufficient time to process your instructions; we your name. Please allow up to 30 days from follow the instructions under Choice 1 and
recommend at least 21 days prior to the Option Lapse the completion of the exercise process for make your own arrangements to sell your
Date shown on the Maturity Instruction Form. receipt of your share certificate. shares on receipt of your share certificate.
Please note that if you choose to exercise your shares
(Choice 1) the value of your shares and any income from
them can go down as well as up, and if you decide to sell
To proceed with this choice please log into To proceed with this choice please log into
your shares you may not recover the amount of your
your account and make your instructions your account and make your instructions
original investment. Past performance is no indication of
online (see page 7). online (see page 7).
future performance and we advise you to check the Wm
Morrison Supermarkets PLC Share Price regularly before
2 deciding whether or not to buy your shares. 3
Selling your shares When will I get my cash or shares? 3 Take back all the money
at a later date you’ve saved
If you want to buy your shares and sell them using the Jarvis service (Choice
If you want to buy your shares 2 on page 3) sale instructions will be batched and processed on a weekly
and keep them (see Choice 1 on basis until Thursday 23rd August 2018, after which date the Maturity Share
page 3) with a view to selling Dealing Service will revert to fortnightly. Please call the YBS Share Plans You don’t have to buy Wm Morrison
them at a later date, you can do Helpline for further information. Supermarkets Plc shares. If you prefer, you
so by making your own private can simply take back all of the money you
The first sale of shares following Maturity is scheduled to take place on
arrangements with Yorkshire have saved.
Monday 2nd July 2018. You will need to provide your instructions to YBS
Building Society or any other Share Plans no later than Friday 15th June 2018 to be included in this batch. If you select this choice, you still retain the
broker of your choosing on right to purchase shares at the Fixed Option
If you choose to buy your shares and keep them please allow 30 days from the
receipt of your share certificate. Price during the 6 months immediately
date YBS Share Plans close your Sharesave account and transfer the balance to
If you would like to take following your Maturity Date. If you decide
Wm Morrison Supermarkets Plc for receipt of your share certificate.
advantage of the services to follow this course of action you’ll need
provided by Yorkshire Building The table below clarifies when YBS Share Plans need to receive your to call the YBS Share Plans Helpline to make
Society, please visit instructions, when we will close your Sharesave account and forward your the necessary arrangements.
www.sharedealing-ybs.co.uk. Sharesave account balance to Wm Morrison Supermarkets Plc to cover the
There is no obligation to cost of your shares and if applicable when the sale of your shares is scheduled
use this service nor is this a to take place. To proceed with this choice please call
recommendation to use this the YBS Share Plans Helpline on
service. Batch Deadline for YBS Share Plans Date shares will 0345 1 200 300 and close your Sharesave
receipt of close your be sold by Jarvis account over the phone.
keep or sell Sharesave account (“Dealing Date”)*.
Residual Balance instructions and transfer balance Please note you cannot make this choice
If you buy your shares and keep at YBS Share to Wm Morrison by using the Maturity Instruction Form or
Plans Supermarkets Plc to instructing online.
or sell them, there’s often a small
cover cost of shares
cash residue remaining as it’s
very unlikely that your savings Batch 1 8 June 2018 2 July 2018 2 July 2018
will divide exactly by the Fixed Batch 2 15 June 2018 2 July 2018 2 July 2018
Option Price. This amount will be
no greater than one share, i.e. less Batch 3 28 June 2018 6 July 2018 9 July 2018
Dealing Restrictions
than £1.64. You can donate this Batch 4 5 July 2018 13 July 2018 16 July 2018 If you have been notified by Wm Morrison
cash residue to charity or request Supermarkets Plc that you are subject
Batch 5 12 July 2018 20 July 2018 23 July 2018
a cheque refund of the residue. to share dealing rules, you must comply
Please note, this option is available Batch 6 19 July 2018 27 July 2018 30 July 2018 with the requirements imposed by the
with only Choice 1 or Choice 2. Batch 7 26 July 2018 3 August 2018 6 August 2018
Company and, if applicable, seek clearance
before proceeding with any transaction.
Batch 8 2 August 2018 10 August 2018 13 August 2018 All Colleagues are subject to the law
Batch 9 9 August 2018 17 August 2018 20 August 2018 regarding market abuse e.g. dealing when in
possession of inside information.
Batch 10 16 August 2018 24 August 2018 28 August 2018
Batch 11 23 August 2018 31 August 2018 3 September 2018
Please note the sale price you will receive is based on the share price on the date the shares are
sold, and not the share price on the date you submit your instructions to YBS Share Plans.
If you would like to donate After Batch 11 instructions will be processed on a fortnightly basis. Please call the YBS Share
your residual balance to Plans Helpline for further information. Please note all dates are subject to change. YBS Share
Morrisons partner charity Plans cannot be held responsible for any changes to advertised dates which are outside our
control nor any resulting loss.
(CLIC Sargent) please select
*Jarvis will usually release your sale proceeds three business days after the date your shares
the appropriate box when
are sold (provided they have received settlement from the market) and the money should be
instructing online. in your account another two to three business days after this. Where late settlement occurs,
there may be a delay to the receipt of your sale proceeds for which Jarvis will not be held
accountable. A contract note confirming details of the sale will be posted to the address
4 provided with your instructions. 55
Missed any payments? Made up your mind?
If you’ve missed any payments during this Once you have decided what to do, please submit your instructions
Sharesave scheme (up to a maximum of 6) your
Maturity Date will be deferred by one month for online using the secure online facility provided by YBS Share Plans.
every payment you’ve missed, and payroll will Further details are below.
continue to deduct your savings until all 36 months
have been paid. You’ll have 6 months from the
deferred Maturity Date on your enclosed Maturity
Visit ybsshareplans.co.uk/morrisons - you must be registered to view your account online before you’re
Instruction Form to exercise your option. Any
able to provide your instructions.
instructions will be processed at the first available
opportunity following your deferred Maturity Date.
Already If you’ve forgotten your password, when you first registered your or you call from a different
registered you can reset this online, by account). number to the one registered
Leaving the company? clicking ‘Login’ and then follow
If you’ve forgotten your Customer
on your account, your details
If you’re no longer a Morrisons colleague or leave the link to reset this. Click on will need re-issuing in the post
Number, please call the YBS
after the Maturity Date but before you’ve bought ‘Login’ and enter the details which can delay your instructions.
Share Plans Helpline on 0345 1 200
your shares, you may not be able to buy your when prompted. You’ll need your Therefore, if you need a reminder,
300. Please note, if you’ve only
shares. This depends on your date of and reason Customer Number and Password please call the helpline as soon
registered in the last three months
to hand (which were confirmed as possible.
for leaving. If you’re unsure whether or not you
can buy shares, please contact the YBS Share Plans
Helpline on 0345 1 200 300. If you can buy shares, How to Please visit ybsshareplans.co.uk/ and you’ll then be able to provide complete this, should you wish to
you need to do so within 6 months of leaving register morrisons and click on ‘Register’. your instructions online. meet the deadline of Friday 15th
Morrisons or within 6 months of the Maturity Date, You’ll need your Sharesave June 2018 for inclusion in the first
Please note, your login details
whichever comes first. account number to hand. Once batch for keeping or selling your
will be sent to you by post which
registered your login details will can take several days to process. shares.
be sent to you through the post Please allow sufficient time to
What about tax?
Under current legislation you don’t need to pay
How to Once logged in please select the For your protection and security we electoral roll, you may be asked to
Income Tax if you buy your shares or take your
instruct maturing Sharesave account in the have a responsibility to verify your provide additional proof of name
savings back. You may need to pay Capital Gains account view section. Make sure identity when you are providing and address before proceeding with
Tax if you sell your shares for profit (the difference the account number you select your Maturity instructions online. your Maturity instruction. Once this
between the cost of buying your shares and the matches the account number This is under regulations for the is accepted, you’ll need to provide
price you sell them for, minus sale expenses). stated on your Maturity Instruction prevention of financial crime and your Maturity instructions again.
HMRC allow a certain level of capital gains before Form. Next click on ‘Closure money laundering. An identity YBS Share Plans cannot be held
you’re taxed, which is set at £11,700 for the Options’ followed by ‘Share option’ check will be triggered if you responsible for any delays this may
2018/2019 tax year. If your gain exceeds this limit under ‘Ready to Close?’ Then change your address online for cause or any such movement in the
(which includes any other profit you’ve made in make your choice and follow the example. share price as a result of this.
the tax year) you’ll need to pay tax on any gain onscreen instructions to complete We use an electronic verification
above this. Further information can be found on the shares closure process. You’ll system to verify who you are. In
www.hmrc.gov.uk receive an email confirmation once some cases, i.e. if you’ve recently
you’ve successfully submitted your moved house or you aren’t on the
instructions online.
If you are unable to make your instruction online a Maturity Instruction Form is included in the pack for
you to make your instruction. You need to indicate your choice of action in Section One and complete
Section Two (if you are selling your shares) and Section Three. Please complete all sections, sign, date and
return the form to YBS Share Plans, Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ. Incomplete or
incorrect forms will need returning to you for completion or amendment, which can cause delays in your
instructions for which YBS Share Plans cannot be held responsible.
6 N.B. If you provide your instruction by more than one method your online instruction will be taken as your final instruction. 7
Contact details General Information:
In the event that YBS Share Plans receive your instruction
to buy your shares and keep them and the Wm Morrison
Supermarkets Plc share price is lower than the Fixed Option
Price at the time of closure, then YBS Share Plans reserve the
right to cancel your instruction, close your Sharesave account
YBS Share Plans and return your savings to you. In these circumstances
your option remains exercisable for a period of six months
The Wm Morrison Supermarkets Plc Sharesave following your Maturity Date.
Scheme is administered by YBS Share Plans. If you No information contained within this document or any
have any queries about your Sharesave account, you accompanying document should be taken as providing
may contact them at: any advice or as a recommendation to exercise or not to
exercise your option or, having exercised, to sell or not to
YBS Share Plans, Yorkshire Building Society, sell your shares – the choice is yours. Neither Wm Morrison
Yorkshire House, Yorkshire Drive, Bradford, Supermarkets Plc, YBS Share Plans or Jarvis can advise you
BD5 8LJ. on the best course of action for you in your particular
circumstances.
Or
Tax rules and legislation can change. Tax relief, which is
By calling the YBS Share Plans Helpline on referred to in this document, are those currently available and
0345 1 200 300 will depend upon your individual circumstances.
Lines open 8.30am-5.30pm Mon-Fri, 9am-1pm Sat If you are in any doubt as to the legal, financial or taxation
implications (including any Capital Gains Tax considerations
(Excluding public holidays in England and Wales)
and the collection of such taxes) for you of the exercise
of options, and/or the subsequent sale of shares, or the
suitability of the Maturity Share Dealing Service, you should
Jarvis seek the advice of a qualified Independent Financial Adviser
duly authorised under the Financial Services and Markets
Act 2000.
If you have any queries about the sale of your
shares or the services offered by Jarvis, you can Please remember that the price of shares, and the income
from them, can go down as well as up, and that you may not
contact them directly at: recover the amount originally invested.
It is advisable to keep copies of all documentation sent to
Jarvis Investment Management Limited
YBS Share Plans in relation to the exercise of your option as
78 Mount Ephraim you may need to refer to this information when completing
Tunbridge Wells future tax returns.
Kent YBS Share Plans is part of Yorkshire Building Society.
TN4 8BS YBS Share Plans, Yorkshire House, Yorkshire Drive,
Or Bradford, BD5 8LJ
By calling 01892 700841 Tel: 0345 1 200 300 • Fax: 01274 357 950 • ybsshareplans.co.uk
Lines are open Monday to Friday 8:00am - 4:30pm, Yorkshire Building Society provides Share plan trustee and
administration services, including deposit taking, in the
Calls may be recorded for training and security
UK and subject to English law and regulation. We are not
purposes. responsible for Share plan deposits held by local savings
carriers outside the UK.
Jarvis Investment Management Ltd is a member Yorkshire Building Society is a member of the Building
of the London Stock Exchange and NEX Exchange Societies Association and is authorised by the Prudential
and is authorised and is regulated by the Financial Regulation Authority and regulated by the Financial Conduct
Conduct Authority. Authority and the Prudential Regulation Authority.
Yorkshire Building Society is entered in the Financial Services
Registered Office: 78 Mount Ephraim, Tunbridge Register and its registration number is 106085. Head Office:
Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ.
Wells, Kent, TN4 8BS. Registered No. 1844601
England. Registered VAT No. 680 0400 74 Yorkshire Building Society is a member of the Financial
Ombudsman Service. Further details are available on request
from the Society.
All communications with Yorkshire Building Society may be
monitored/ recorded to improve the quality of their service
and for your protection and security. Calls to 03 numbers
are charged at the same standard network rate as 01 or 02
landline numbers, even when calling from a mobile.
YBM 2916 18 05 18
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