Guide
We recognise that in a world where clients have a lot of choice, our people are the deciding factor in why they choose to work with us. This is why we strive to be a company that people are excited to join, where they are proud to work and where they can flourish. In our culture if the business does well, then our people do too.
The Gateley Sharesave Scheme (“the Scheme”) is a key part of delivering our incentivisation strategy. We have implemented a Sharesave Scheme which is open to all employees of Gateley so that everyone in the Gateley team has the opportunity to acquire shares through the Scheme to participate in the future financial success of the business.
Sharesave is a form of saving that offers you a guaranteed tax-free bonus with the opportunity to purchase shares in Gateley (Holdings) Plc (“the Company”) at the end of a 3-year savings contract.
The price you pay for the shares, known as the Option Price, is set at the start of the Scheme. You can save between £5 and £500 each month for a period of three years. A discount of 20% is applied to the market value of shares in setting the Option Price and you also benefit from any increase in the share value over the 3-year savings term.
Decide how much you want to save each month.
Once you join, a Sharesave account will be opened for you and your option certificate will be uploaded onto the Link Group share plan portal. This will show how many shares you can exercise your options over to buy at the end of the Scheme.
Your savings will be automatically taken from your pay (after tax) and paid into your Sharesave account each month.
Once you have decided how much you wish to contribute to the Scheme, you will not be able to amend this at any point but you can take a payment holiday of up to 12 months.
You can however cancel your Sharesave Scheme payments at any time during the 3-year contract and have your savings and any interest (if applicable) returned to you.
At the end of three years, you have a choice:
Before the Scheme ends, Link Group will write and tell you how you can exercise your options to buy shares and what your other choices are. You have six months to decide whether or not to exercise your options to buy shares, however after six months you’ll lose your right to buy shares and you’ll have to take your savings and tax-free bonus as cash.