Sharesave 2020 Get ready, it's here! - Computershare
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Trolls World Tour Sharesave 2020 Get ready, it’s here! Tell me more
It’s our pleasure to invite
you to join Sharesave 2020
I am delighted to be inviting you to take part in our second Sharesave offer since Sky became part of
Join by
the Comcast family two years ago.
Sharesave is a Scheme where you can make regular savings over a 3 or 5 year period, after which
5.00pm GMT
you can use your total savings to buy Comcast stock for a discounted fixed price. It offers the same
great benefits as our previous schemes, with the same great discount, but gives you the opportunity 6 November
to buy Comcast stock (listed on the Nasdaq Stock Exchange) instead of Sky shares (which are no
longer listed). So please read this brochure carefully as it’ll give you relevant information to help you in 2020
deciding whether to participate.
Thank you for all your continued hard work and we look forward to you sharing in our future success.
Tell me more
Jeremy Darroch
Group Chief Executive
Welcome to Sharesave
With Sharesave, you can choose to save part of your net pay each month. That money is yours to take at
any time, but the real benefit is that at the end of your savings period you can choose to buy Comcast stock
at a fixed, discounted price. So, if Comcast’s stock price increases over your savings period you’ll have the
opportunity to make a profit*.
Affordable Save between £5 and £250 per month for either 3 or 5 years
Convenient Savings are taken directly from your net pay
Flexible You can take back everything you have saved at any time
Discounted You’ll have an opportunity to buy Comcast stock* at a price
fixed at the start of your savings period which includes a 20% discount
Potential for profit If the Comcast stock price goes up, you could make
a profit when you sell your shares
*Comcast stock is listed on the Nasdaq stock exchange under the symbol CMCSA. It is priced in US dollars,
so movement between sterling and US dollars will also impact the value of your investment.
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Jump on board
What profit could Join by 5.00pm
How does it work? you make GMT on Friday 6
on your savings? November 2020
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Gather round
here’s Sharesave
in three easy steps
Step At the start of the savings period, we set the Option Price,
1
which includes a 20% discount
This is the price you can buy Comcast stock* at the end of your saving period
Option
Price
This is known as the Option Price and includes a 20% discount to the closing market price on
19 October converted to Sterling £27.39
Your fixed Option Price is £27.39
*Comcast stock is listed on the Nasdaq stock exchange under the symbol CMCSA. It is priced in US dollars, so movement
between sterling and US dollars will also impact the value of your investment.
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Gather round
here’s Sharesave
in three easy steps
You’ll then save money for a set period
Step
2
You choose to enrol in Sharesave for 3 or 5 years Option
You can save between £5 and £250 per month Price
The money is automatically deducted from your net pay* every month
£27.39
Choose an amount you’ll be comfortable with as the amount can’t be changed once
the application window has closed. However you can:
Delay payment up to 12 months
Take your money back in full, at any time What if I’m already in a
Sharesave plan?
* Each month, the money you save automatically comes from your pay after you’ve paid tax (net pay).
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Gather round
here’s Sharesave
in three easy steps
Step At the end of this period, you’ll have the option
3
to buy Comcast stock*
After 3 or 5 years, you’ll have the option to use your savings to buy Comcast stock at the Option Price.
Option
Price
If the Comcast stock price is...
Higher than the Option Price – You can buy the stock and make a profit if you immediately sell the shares £27.39
Lower than the Option Price – You can take back all the money you’ve saved
*Comcast stock is listed on the Nasdaq stock exchange under the symbol CMCSA. It is priced in US dollars, so movement between
sterling and US dollars will also impact the value of your investment.
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What if I’m already in a
Sharesave plan?
You’ll still be eligible to join this year, however you can only contribute
a maximum of £250 across all active plans. For example:
If you contributed £100 in the previous year, then you’ll have the opportunity to contribute up to £150 in Option
this year’s plan.
Price
If you’ve already contributed the maximum £250 then you won’t be able to contribute into a new plan until
your existing plan matures. £27.39
If you’d like to free up a contribution amount and enter this year’s plan, you can close an existing plan.
Remember if you do this your savings to date will be returned to you but you cannot restart that plan or buy
shares at the discounted price. Should you wish to close your 2019 account in order to free up any savings
allowance for Sharesave 2020, then you must do this by Thursday 5 November, 5pm GMT.
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happens if?Trolls World Tour Sharesave scenarios here’s what happens next The following scenarios show how the stock price at maturity affects the outcome Find out more
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What happens if?
Scenario The Comcast stock price has gone up since 19 October 2020*.
1
If you buy the stock and sell it you’ll make a profit.
Alternatively, you could choose to sell some stock at a profit, and keep the rest, becoming a Comcast Option
shareholder. You’d then be eligible for any dividends. Price
The value of your remaining stock will be dependent on the price of Comcast’s class A common stock.
£27.39
*Comcast stock is listed on the Nasdaq stock exchange under the symbol CMCSA. It is priced in US dollars, so movement
between sterling and US dollars will also impact the value of your investment.
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What happens if?
Scenario The Comcast stock price is the same as it was on 19 October 2020*.
2
As in Scenario 1, if you buy the stock and sell it you’ll still make a profit, thanks to your 20% discount.
Alternatively, you could choose to keep your stock, becoming a Comcast shareholder. You’d then be eligible Option
for any dividends. Price
The value of your remaining stock will be dependent on the price of Comcast’s class A common stock.
£27.39
*Comcast stock is listed on the Nasdaq stock exchange under the symbol CMCSA. It is priced in US dollars, so movement between
sterling and US dollars will also impact the value of your investment.
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What happens if?
Scenario The Comcast stock price has dropped by more than 20%.
3
In this scenario, the stock price is lower than the Option Price. Buying the stock you were entitled
to and selling it immediately would generate a loss for you. Option
The benefit of Sharesave is, you can choose to take back your savings – and you’d have saved up Price
a nice amount of money.
£27.39
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Please remember
Stock prices can fall as well as rise and past performance is
not an indicator of future performance of stock. The scenarios
shown are for illustrative purposes only, and do not take into
account fluctuations in the sterling and US dollar exchange
rate, which may impact the value of your Options.
In addition, shares may not be delivered for up to 5
business days following your exercise and, therefore, the
stock price of the shares when you receive them may be
higher or lower than the stock price on your exercise date.
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happens if?Key dates for your diary
20 Join Sharesave 6 Application deadline
October We’ll send an email inviting you to join November You must apply by 5.00pm GMT
Allocation of Grant
13 You’ll receive an email with instructions on how 28 First payment taken
November to view your grant allocation. January Your first payment will be taken directly from your net pay
Then after 3 or 5 years it’s decision time
You’ll have the option to buy Comcast stock, or take back the money you’ve saved
If Sharesave 2020 is oversubscribed, we may need to reduce the amount of money you can save each month. This is unlikely to happen, but if it does, we’ll let you know soon after the
offer window closes and we’ll reduce all applicants’ payments proportionally so that everyone can still take part.
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Tap into our calculator
See what your monthly contributions
could be worth at different
Comcast stock prices.
Try it now
Please note the shares you receive may be higher or lower than the stock price on your exercise date for two reasons: 1) Fluctuations in currencies are not
taken into account and changes in exchange rates may cause results to differ 2) Shares may not be delivered for up to 5 business days following your exercise.Trolls World Tour
The wait is over...
Join online
1. You can access EquatePlus, our sharesave portal managed by Computershare, via My Sky Rewards
using the ‘Shares’ link. Alternatively, you can access the portal by visiting equateplus.com. If you do
this, you’ll need to use your User ID which will be sent to you by email. Please keep this for future use.
Look out for
2. Then follow the on-screen instructions to set your new password and complete the account setup.
your welcome email from
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Still in the dark
about something?
Questions and answers
1. Can anyone join Sharesave 2020? 2. When and how can I join? 3. When can I see my allocation of grants?
To be eligible, you must have been employed by You can apply to join the Scheme between You’ll receive an email on the Friday 13 November
a participating company on or before Tuesday 20 October and Friday 6 November. No letting you know what your allocated grants are.
Friday 9 October and still be employed on the applications after 5.00pm GMT on Friday This will be based your fixed contributions and
date options are granted Friday 13 November. 6 November can be accepted. To apply for how long you’ve chosen to stay on the Scheme.
Sharesave, simply visit the Share Portal by clicking You can log into Equate plus to check your
on ‘Shares’ on My Sky Rewards. You will start allocated grants. In December you’ll able to login
saving from the January 2021 payroll. via the new Sky Benefits platform.
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4. How much can I contribute to Sharesave? 1) Taking the closing stock price, on the last 9. Can I stop my payments?
You can save from £5 to £250 per month for working day prior to the launch and applying a 20% Yes, under certain circumstances - see Q10 for
either 3 or 5 years. The amount you contribute discount; or more details about pausing.
is up to you, but remember – you can’t change 2) If more favourable, taking an average of the
it once you’ve started. However, if you want to closing stock price on each of the 3 working days 10. What happens if I’m on maternity/paternity
prior to launch and applying a 20% discount. or adoption leave, long-term absence, or can’t
take a break, you can delay making up to
afford to save for a few months?
12 monthly payments. The Option price has been set at the closing
If your circumstances require it, you can postpone
Comcast stock price on Monday 19 October of
5. Can I cancel an existing Sharesave plan and your savings contributions up to a maximum of
$44.33, after applying a 20% discount this is
join this new plan? 12 times over the course of your chosen savings
$35.47. Having applied the exchange rate at close period. Your savings contract will be extended by
Please note, the contribution limit of £250 of business on Monday 19 October of $1:£0.7721, 1 month for each contribution that you postpone.
applies across all plans that you’re currently the final Option price is £27.39. This means that your option to buy will become
participating in. Therefore, if you wish to free up exercisable at a later date. You cannot make lump
any contribution allowance in order to join a new 7. Who holds my savings?
sum payments to keep the original maturity date.
plan, you can do so immediately by withdrawing Your savings will be held by Bank of Scotland plc. Computershare will write to you after the first
from an existing plan and get your savings back. payment has been missed. Please ensure you have
You will then lose the option to buy shares within 8. Can I change the amount I save? updated your personal email address in the Portal.
this plan. No. Due to HMRC rules, once the invitation period If you miss more than 12 payments then your
has closed, the savings amount and period cannot account will be closed automatically and you will
6. How has the Option price been set? be amended. However, you can delay making up to lose the opportunity to buy stock at the special
The Option price is set by reviewing the 12 monthly payments. discounted price. If your account is closed, your
Comcast stock price 3 working days prior to the savings will be returned to your bank. Therefore,
launch date. Calculating the final price can be please ensure your bank details held on the Portal
done in 2 ways: are up to date.
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If you are not receiving a salary payment through 12. What happens if midway through my savings 2. Use your savings to buy Comcast stock at the
payroll you can continue to make regular term I am made redundant, have to leave work special discounted price at any time up to 1 year
contributions by making alternative arrangements due to injury or disability, or retire? after your death if you die before the maturity
with Computershare. Please contact date, or at any time up to 1 year after the maturity
You can: date if you die on or within the 6 months following
Computershare directly for information.
1. Use your savings to buy Comcast stock at the the maturity date.
11. What happens if I resign or decide not special discounted Option Price at any time within
to return from maternity/paternity or 6 months of leaving; 14. What happens at the end of the
adoption leave? Sharesave period?
2. If you wish, you may continue to save by making
You can use your savings to buy Comcast stock at
Normally, if you choose to leave the Comcast alternative arrangements for your contributions
the special discounted Option Price rather than
group, you lose the opportunity to buy stock. using this facility as a savings account only (you
the current market stock price; OR you can simply
You can either withdraw your savings, or, if you can take your savings in cash at any time); take your savings as cash.
wish, may continue to save by making alternative OR
arrangements for your contributions using this You can use your savings at any time within 6
facility as a savings account only. However, if you 3. Take all your savings as cash. months to buy Comcast stock.
decide not to return from maternity or adoption 13. What happens if I die? Shares may not be delivered for up to 5 business
leave and you have held your option for at least days following your exercise and, therefore, the
3 years from the date of grant, you will be able to Your savings contract will automatically stop. Your stock price of the shares when you receive them
exercise your options for a period of 6 months personal representative may either: may be higher or lower than the stock price on
from your leaving date. 1. Take all the savings as cash; your exercise date.
OR
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15. What is my tax position? 17. Will there be additional fees Please also be aware that the Comcast stock price
when I exercise my options? and exchange rate may fluctuate significantly
If you are a UK resident and sell your Comcast
stock, any gain will be free of income tax and NI. There is no cost associated with ‘keeping’ your down as well as up. This booklet is for information
You may be subject to Capital Gains Tax if you sell shares. However if you opt to sell your shares, only and any action you take is at your own risk. If
the shares and make a gain in excess of the HMRC you would be charged a sale administration and you are in any doubt about what action to take,
annual annual exemption limit, currently £12,500 currency conversion fee (which will be deducted please consult a suitably qualified professional
for the 2020/2021 tax year. from the sale proceeds). You can find details of adviser. If there is any difference between the
these charges in section 1.3 of the SPA T&Cs. information in this booklet and the Rules of the
However, all employees, including UK residents are Scheme, the Rules of the Scheme will apply. A
urged to consult with their tax advisor as to the 18. What if my question isn’t answered here?
copy of the Rules of the Scheme is available from
tax consequences of acquiring, owning and selling For all other enquiries, please call Computershare the Share Portal. For further information about
Comcast stock. on +44 (0)344 472 6164. Sharesave, please telephone the Helpline on
Calls are charged at the standard geographic rate +44 (0)344 472 6164. Calls are charged at the
16. What if the stock price falls or currency
and will vary by provider. Calls from outside the standard geographic rate and will vary by provider.
exchange rates change?
United Kingdom will be charged at the applicable Calls from outside the United Kingdom will be
The great thing with Sharesave is that even if the international rate. Lines are open between 9am charged at the applicable international rate.
stock price falls below the special discounted price, – 5.30pm GMT, Monday to Friday excluding public Lines are open between 9am - 5.30pm GMT,
or currency exchange rates lower the value of holidays in England and Wales. Monday to Friday excluding public holidays in
Sterling, you don’t have to buy the stock and you England and Wales.
can simply choose to keep your savings instead. Important information
Please review the Prospectus relating to the
You can find the latest Comcast stock price here.
Comcast Corporation Omnibus Sharesave plan
before deciding whether to participate.
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Don’t miss your chance
The application window closes
5.00pm GMT Friday 6 November 2020
Join now
Our award-winning share plan partner. Sharesave is administered by Computershare Plan Managers.
Computershare is an award-winning, global provider of share plans with over 35 years’ experience in the industry.
With over 1,000 share plan specialists in 20 locations across the globe, Computershare offer unrivalled expertise.
You can find out more about them at www.computershare.com
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