Your opportunity to become a shareholder and own a part of our business - Sharesave Take - YBS Share Plans
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Sharesave Take
Ownership
Your opportunity to DON’T MISS OUT
Apply b
become a shareholder
y teleph
5pm on one or
3 Novem online by
ber 201
7
and own a part of our
business
2017 Sharesave InvitationWe ask one thing of our colleagues – be
committed. After that you’re free to take
A QUICK GUIDE TO SHARESAVE
ownership. We trust you’ll do a cracking job.
Save a fixed amount between £5 and £500 each
month from your net pay for 3 years. After 3 years your
Sharesave account will mature.
As People and Service Director I’m really passionate
about all our colleagues becoming shareholders, so I’m
delighted that Sharesave is back for an 11th year! Your savings are held in a personal savings account
with Yorkshire Building Society. Your savings are
Be Committed is one of our Key Business Principles. protected by the Financial Services Compensation
One of the reasons we’ve been so successful is down Scheme - up to a total of £85,000.
to letting our great colleagues take ownership in
their role, it really is the Dunelm way. I’ve met lots of
colleagues that love Sharesave, some of which are
now shareholders. They really feel a part of Dunelm by
After three years you can use your savings to buy
Dunelm shares at a 20% discount to the price in
October 2017 ( the “Option Price”)
owning their own shares, and being able to share in our
success.
The other great thing about Sharesave is that it could
not be easier, once you’ve signed up we’ll handle the
If you don’t want to buy shares you can get a refund of
your savings
rest. Our payroll team deduct your savings from your
pay each month. When your scheme is coming to an
end, we’ll send you all the info on what to do if you’d The choice is yours to make based on the
circumstances at the end of the Scheme.
like to buy Dunelm shares, or get your savings back.
This booklet explains everything you need to know
before deciding if you’d like to sign up. Don’t miss out
Share prices can fall as well as rise. Past share price
on the chance to get involved!
performance is not necessarily an indication of
future performance.
To find the current Dunelm share price visit
www.dunelm.com
Amanda Cox
People and Service DirectorWHAT IS SHARESAVE?
The savings part The shares part
1. You can decide to save an amount between £5 and £500 1. At the end of the savings period, you can use your savings to
per month (in multiples of £1) for 3 years (36 months) taking buy shares in Dunelm Group plc at the Option Price shown
into account all other Dunelm Sharesave Schemes you on your invitation letter.
are currently saving in. You cannot increase or decrease
2. There is no need to decide immediately whether you wish to
your chosen savings amount or change the term once the
buy shares, you have until six months from the final maturity
Sharesave contract commences so it is important to choose
date of your savings to decide.
an amount you can comfortably afford.
3. We will write to you shortly before the end of the savings
2. Payroll deducts the money each month from your net pay.
period and explain your choices in more detail; but please
3. Your savings are held with the YBS Share Plans in an account note share prices can fall as well as rise, therefore, you
in your name. should check the price of Dunelm Group plc shares just
before deciding whether or not to buy the shares. Past share
price performance is not necessarily an indication of future
performance.
At the end of the savings term/when the
Scheme matures you can choose to:
• Use your savings to buy shares
• Use your savings to buy shares and immediately
sell them
• Have your savings returned to youhow sharesave works HOW MANY SHARES COULD YOU BUY?
Example... Here’s an example...
d the
YOU SAVE If you entere the
en
Scheme wh
£30
PER MONTH
Option Pric
e was
e share
£5.65 and th 0.
7.1
price was £
When the Scheme matures
in 3 years, you will have
savings of...
so would
£1,080
A t m atu r it y you would you...
buy 191
be able to
Buy these shares
r savings to either sell or
shares (you d by the keep, or would
ide
£1,080 div you take your
on Price).
You can then decide if you wish
to buy Dunelm shares, or have
your savings returned.
£5.65 Opti savings in cash?LET’S LOOK AT 3 POSSIBLE SCENARIOS:
Don’t worry if you’re not an expert when it comes to shares, here’s what you can do with your savings...
Scenario A Scenario B Scenario C
Our share price has Our share price is Our share price has
dropped over 20% the same as it was increased by 20%
below the Option in October 2017 compared to
Price October 2017
This is the worst that can If you took the option to buy If you took the option to buy
happen as it means the shares some shares and then sold some shares and then sold
you can buy are worth less them straight away, you’d them straight away, you’d
than your Option Price... make a potential profit of make a nice potential profit of
£276.10 (before any share £547.32 (before any dealing
Don’t worry, you wouldn’t lose
dealing fees are deducted) fees are deducted)
out, you would still receive all
of your savings back. You can of course decide to You could still keep hold of all
hang on to your shares and your shares, or even sell some
become a shareholder , or for a profit and keep the rest.
even sell some for a profit and
keep the rest.
Share prices can fall as well as rise therefore, you should check the price of Dunelm shares regularly just before deciding whether or not to buy the shares.a step telephone online
by step Call the Share Plan Application Centre on Visit ybsshareplans.co.uk/dunelm
guide to
0345 1 200 887. Lines open 24/7 until 5pm
on 3 November 2017.
applying Follow the automated instructions to key in
your Plan Number and your Personal Identity
Click on ‘Apply now’ in the right hand menu.
Enter your Plan Number, Plan Password and
1 Number as shown on the front of your letter Personal Identity Number shown on your letter,
and then your date of birth, as a six-digit together with your National Insurance Number
number.
If you apply by
more than one The automated system will guide you Complete your personal details. You will be
method, your most through the process. At various stages you asked to confirm your acceptance of the FSCS
Information Sheet and the Terms & Conditions
recent application
will be taken
2 will be asked to press 1 to proceed.
when making your application. Please note that
as your chosen the FSCS Information Sheet should be retained
savings amount. for your records.
You will receive an
Option Certificate You will be asked to enter the amount in You will be asked to enter the amount in whole
showing the whole pounds, that you wish to save each pounds, that you wish to save each month.
number of 3 month. Minimum £5 up to a maximum of Minimum £5 up to a maximum
shares you can buy £500 a month. of £500 a month.
at the end of the
Scheme during
December. After keying 1 to proceed you will be advised You need to enter your contact details and
whether your application has been accepted. personal email address so that you can receive
4 You have now finished your application. confirmation of your application. You have now
finished your application.Daren Golder – Stoke
Distribution Centre
In 2009, I Joined the
Sharesave Scheme wit
the knowledge that sho h
uld the share price be
lower than the option
price, I would get bac
investment without los k my
ing anything. Win win
the Scheme matured ! When
DON’T
in 2012 I took the op
purchasing the shares tion of
at the discounted pri
made a very good pro ce, and
fit - it helped me purch
a new car and take a ase
MISS OUT
holiday to Florida! I hav
continued to invest in e still
these schemes and pla
do so again this year. n to
Apply b
y
or onlin telephone
e by 5p
3 Nove m
mber 2 on
017
ouse
Fabric Wareh
les – Central
Graham Cow 20 years an
d have Please note that the views expressed here are those of Dunelm
n w ith D un elm almost – a g reat employees and not of YBS Share Plans or Yorkshire Building
I have bee d
nce it starte
n p ar t in Sharesave si er at th e en d of the Society. If you decide not to buy the shares, the return from
take e is low
e share pric I view it as
your Sharesave contributions will be less than the return from
benefit! If th m y sa vi ngs back, so an ordinary interest bearing savings account over the same
ar s I st ill g et
3 ye period as there is currently no interest being paid on Sharesave
low risk. helped accounts. Past performance is not necessarily an indication of
r me, it has
av e ha s b een great fo is hi ng my future performance. Share prices can fall as well as rise. Like any
Shares , like refurn investment there are risks associated with holding shares, and
w ard s m an y purchases a g re at in vestment
to . It is you may not get back the full amount you
dining room ares to help
lounge and I am saving my sh
an d
for the future
e.
when I retirYOUR QUESTIONS ANSWERED
Who is eligible to join?
All of our colleagues who have joined the business by 2 October 2017 can
take ownership and apply for Sharesave.
When will my payments start?
The first payment will be deducted from your December 2017 salary, with the
saving contract commencing on 1 January 2018.
How will I know how much I have saved?
You will receive an annual statement from the YBS Share Plans showing you Are there any risks?
how much money you have saved. Alternatively you can call the helpline on Shares can go down in value as well as
0345 1 200 300. You should also check your payslip each month to ensure your up. If the share price when the Scheme
payments are being made. If a payment has not been made, please contact matures is less than the Option Price,
payroll immediately. you can chose to take your savings as
cash instead.
Do I have to pay any tax? As the HMRC sharesave bonus rate for
3 year Schemes is currently set at zero,
There is no tax to pay when you join the Scheme.
you will not receive interest on your
If you complete your three year savings and buy your shares at the end of the savings. Therefore, should you decide
scheme there is no tax to pay. If you subsequently sell the shares, you may not to buy the shares at maturity due to
become liable to Capital Gains Tax if the gains you make along with other the share price performance, the return
gains in the tax year are more than a certain amount (£11,300 for the 2017/18 from your Sharesave account will be less
tax year). than that of an ordinary interest bearing
savings account over the same period.
In very limited circumstances you may become liable to pay income tax if you
exercise your option to buy shares before the end of the scheme, for example
if your employing Company is sold. Tax laws do change though, so don’t forget
that the rules may be different when you decide to sell your shares.KEY FACTS
ntributions
a king any co
If y o u a re m me which
1 4 S h a resave Sche
to the 2 0 nd you
s o n 1 J a n uary 2018, a then
mature ayments ,
t m issed any p
h a v e n o opped by
n tr ib u ti o n s will have st arts. This If you are a four weekly paid
co e st
new Schem colleague, your chosen monthly
the time the o t nee to in
d clude savings amount will be deducted
y o u d o n heme
means s to the 2014 Sc from your net pay every four weeks.
ib u ti o n can
the contr g h o w much you Under current rates set by HMRC
u la ti n
when calc on.
2017 invitati there is no bonus at the end of the
save for the savings period, or early leaver interest
should you decide to close your
account early.
The number of shares you can
purchase will be calculated at the start
of the contract and you will receive
an Option Certificate confirming your
entitlement in December 2017.WHAT HAPPENS IF... ...I die?
No further contributions can be made
but your representatives have the choices
…I want to stop saving and
withdraw from the Sharesave
Scheme?
below: You can withdraw from the Scheme at any time,
…I reach retirement, I am made
• If your contract has not yet reached but your Option to buy shares in Dunelm Group
redundant or I can no longer
maturity your personal representative(s) plc at the discounted Option Price will normally
work due to; disability, injury, be forfeited. If you wish to stop saving phone the
a change of control of my will be able to buy a reduced number of
shares within 12 months of your death Helpline on 0345 1 200 300 (and have details
employing Company or transfer of or close your account. They will not be to hand of your payroll number and National
employment to which the Transfer able to continue saving. Insurance number); when you withdraw from the
of Undertakings (Protection of Scheme all your contributions will be returned to
Employment) Regulations 2006 • If you die within 6 months following you. There are no costs or charges for leaving the
your contract maturity, and have not Sharesave Scheme at any time.
apply?
yet exercised your Option, then your
You can either continue to contribute for up personal representative(s) will be able
to 6 months from leaving (but not later than
…What if my personal details
to buy all the shares within 12 months of
the maturity date) and then use the money the maturity date.
change e.g - name, address or
in your account to buy shares at the Option bank details?
• Your representatives can take out your
Price or take out your savings and close Please make sure you notify YBS Share Plans and
savings at any time.
your account. the Dunelm Payroll Department of any changes.
...I am dismissed or resign? ...I miss a payment?
For each month missed, your savings
You must close your account and take out
contract will be extended by one month
your savings. Your Option over the Shares Can I close an existing Sharesave
along with the maturity date when you
lapses. account if this year’s Option Price
can buy the shares. You may suspend your
monthly payments, up to a maximum of is lower?
…I go on maternity leave, long 6 months during the savings period by Yes, each Sharesave contract you enter into
term absence or can’t afford to contacting your payroll department. If you is treated separately and so you can close an
save for a couple of months? miss more than 6 payments the contract existing contract in order to save the same or
You can miss up to six payments during will end and you will lose your right to buy more into a new contract (provided you don’t
the savings period. To arrange this please shares. exceed the £500 monthly savings limit across
contact the Dunelm Payroll Department. all Sharesave contracts you have running at
any one time). If you intend to do this you’ll
need to call the YBS Share Plans Helpline
to close your existing Sharesave contract(s)
before the current invitation closes on
3 November 2017.Please note that Dunelm intends
to grant Options to cover all valid
GLOSSARY TERMS
applications received. In the unlikely
event that more shares are applied Term Meaning
for than are available, applications
will be scaled back so that the HMRC Her Majesty’s Revenue and Customs
amount you have applied to save
each month and the number of Option Your right to buy shares at the Option Price
shares that you will be able to
buy on maturity is reduced. If this Option Price The price at which you can buy shares in
Dunelm Group plc at the end of the savings
happens, there will be a Company-
period.
wide communication and you will
be advised of the number of shares Option Certificate Shows the number of Options granted - this
when you receive your Option confirms your inclusion in the Scheme
Certificate. Once you have received
this certificate your monthly savings Scheme or Sharesave The Dunelm Group plc savings - related
amount and the number of shares Share Option Scheme.
cannot be changed.
JOINING SHARESAVE
NEED A HAND? You can apply to join the Telephone
For further information please Dunelm Group
contact YBS Share Plans helpline on: 2017 Sharesave Scheme 0345 1 200 887
24 hours a day from
0345 1 200 300 18 October 2017 until Online
Opening times: Monday - Friday 8.30am - 5pm on 3 November ybsshareplans.co.uk/dunelm
5.30pm, Saturday 9am - 1pm 2017, by any of the
following methods: and click on ‘Apply Now’
If there should be any difference between the Rules and this brochure, the Rules take precedence.key dates
18 October 2017 Option Price set December 2017 First deduction from net wages
18 October 2017 Offer opens, invitations sent to 1 January 2018 Sharesave contract commencement
eligible colleagues
3 November 2017 Closing date to apply for the November 2020 Last deduction from salary
Sharesave Scheme
15 November 2017 Sharesave Options granted 1 January 2021 Three year Sharesave maturity, providing
you have not missed any payments
YBS Share Plans is part of Yorkshire Building Society. The Financial Services Compensation Scheme (FSCS)
YBS Share Plans, Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ. Important information about compensation arrangements
Tel: 0345 1 200 300 Fax: 01274 357 950. ybsshareplans.co.uk
Your eligible deposits with Yorkshire Building Society are protected up to a total
Yorkshire Building Society provides Share plan trustee and administration services, including of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit
deposit taking, in England and subject to English law and regulation. We are not responsible for guarantee scheme.
Share plan deposits held by local savings carriers outside the UK. Yorkshire Building Society is
a member of the Building Societies Association and is authorised by the Prudential Regulation This limit is applied to the total of any deposits you have with the following:
Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Yorkshire Building Society, Chelsea Building Society, Norwich & Peterborough
Authority. Yorkshire Building Society is entered in the Financial Services Register and its Building Society and Egg. Offset deposits through our subsidiary Accord
YBM 4903 18 10 17
registration number is 106085. Mortgages Limited are held by Yorkshire Building Society on behalf of Accord.
Any total deposits you hold above the £85,000 limit between these brands
Head Office: Yorkshire House, Yorkshire Drive, Bradford, BD5 are unlikely to be covered. For further information please see section VI of the
All communication with us may be monitored/recorded to improve the quality of their service enclosed Sharesave Terms and Conditions.
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.You can also read
