At Kingfisher, the driving force of our business is our 77,000 colleagues, who work hard every day to look after our customers.
We have a unique collection of home improvement, trade and discounter brands, whose customers trust us to be at our best and do our best as we build a successful Kingfisher. For us, a key part of this is also about building a responsible and inclusive business – one that believes each and every one of its colleagues should have the opportunity to share in our collective future.
That’s why we launched the ‘1+1 Sharing in Our Future’ plan in September 2020. We gave all Kingfisher colleagues the opportunity to become shareholders, or where that wasn’t technically possible in some countries, mirror shareholders – and we doubled their number of shares.
A share or mirror share purchase plan for all our colleagues who, every day, power Kingfisher.
Please note:
This page outlines the details of the 1+1 Sharing in Our Future Plan launched in 2020 – it will give you an overview of how the plan works. However, the plan isn’t currently open for new enrolments.
What does it mean to be a Kingfisher shareholder?
Anyone who owns at least one share in a business or company is a shareholder. Shareholders can be individuals, groups of people, a partnership or an organisation. As a shareholder, you may receive a portion of the company’s profits as a dividend and have a say in how the directors manage the company. A shareholder’s influence over a business is typically aligned with the percentage of shares they own.
When you become a Kingfisher shareholder, you own part of Kingfisher. You become eligible to:
- Receive dividends – small payments which may be made to shareholders depending on Kingfisher’s performance
- Use your shares to vote at the Annual General Meeting – this is an opportunity for shareholders to hold their company’s directors to account, especially on ethical or business performance issues
As people all over the world buy and sell Kingfisher shares the value of your shares will be impacted by the share price. The share price changes throughout the day and you will see that the value of shares can fall as well as rise, so you could get back less than you contributed.
Becoming a Kingfisher shareholder is embarking on a journey – like all colleagues who join the 1+1 Plan, you will share in the company’s future.
How does the plan work – Jersey
The 1+1 Plan is a simple, accessible and convenient
way for you to become a Kingfisher shareholder in
just a few steps.
Contribution amounts and dates shown in animation differ
for colleagues based in Jersey.
Enrol
Contribute
Purchase
1+1 Match
Hold
Unlock
For the 1+1 Jersey Sub-Plan terms and conditions, and Jersey Sub-Plan Rules, please see bottom of the page
Want to know the 1+1 Plan details without the jargon? Please read the Key Facts for a quick and thorough explanation of the 1+1 Plan.
View key factsWant to see what this looks like?
The purpose of this example is to provide you an illustrative walkthrough of the lifecycle of the 1+1 Plan from the point that you choose to enrol through to the sale of shares. This example should be read in conjunction with the “Key Facts” about the 1+1 Plan.
This example is based on a colleague contributing £30 a month to the 1+1 Plan.
Participation in the plan is entirely voluntary. Share prices can go down as well as up, and you may receive less money back than you originally contributed to the plan.
You decide you want to contribute £30 per month. In some countries there is a paper form that you also need to complete for your application to participate to be valid. If this impacts you, you will be sent the form at the end of the enrolment period.
Your contributions are made monthly through payroll.
| Date | Contribution |
|---|---|
| March 2021 | £30.00 |
| April 2021 | £30.00 |
| May 2021 | £30.00 |
| June 2021 | £30.00 |
| Total | £120.00 |
If you decide to leave the plan during the Contribution Period, you will receive the value of the contributions you have already made.
If you leave in May 2021 then you would get back £30.00 + £30.00 = £60.00.
If the Kingfisher plc share price in July 2021 is £2.75 and you have made £120.00 in contributions, £120.00 divided by £2.75 means you will receive 43 Purchased Shares and £1.75 will be returned to you through payroll.
In addition to the Purchased Shares, you will be given the right to receive 43 Jersey Mirror Matching Shares in July 2021. If you keep the Purchased Shares until July 2022, you will own 43 Purchased shares and 43 Jersey Mirror Matching Shares, double the number you purchased.
This ignores the impact of any dividends Kingfisher may pay between July 2021 and July 2022 – see below for further details.
If Kingfisher decides to pay a dividend to shareholders after July 2021, you will be entitled to receive this payment in respect of your Purchased Shares. The dividend payment you are entitled to will be used to buy (i.e. be reinvested into) more Kingfisher Shares. If there are not enough funds from the dividends to buy a whole share, the dividend amount will be rolled over and used along with future dividends to purchase more shares on your behalf.
Your Jersey Mirror Matching Shares will not attract dividends as you don’t own these shares until July 2022. However, Kingfisher will work out the total dividends which you would have received had you owned your Matching Shares when the dividend is paid, and give you the cash value of these, which you will receive in the next available payroll. These are known as your Jersey Mirror Dividend Matching Shares.
November 2021 – Dividend
If in November 2021 a dividend of £0.05 per share is paid and the share price at the time is £3.00:
You have 43 Purchased Shares so the total value of the dividend you are entitled to receive is £2.15. This is not enough to buy an extra share so the £2.15 will be rolled over and added to any future dividends.
Similarly, £2.15 will be rolled over in respect of the dividends that your Jersey Mirror Matching Shares would have attracted had you owned them.
May 2022 – Dividend
If in May 2022 a dividend of £0.06 per share is paid and the share price at the time is £3.10:
You have 43 Purchased Shares, so the value of the dividend is £2.58. But you also have £2.15 from the November 2021 dividend, giving a total of £4.73. This means one Dividend Purchased Share can be bought and £1.63 will roll forward.
Similarly, you will be allocated one Jersey Mirror Dividend Matching Share and £1.63 will roll forward.
Cash out before July 2022
If you decided to sell your Purchased Shares and Dividend Purchased Shares after the May dividend event (but before July 2022) and at that time the share price is £3.10, the following would happen:
43 Purchased Shares sold for £3.10 each = £133.30
1 Dividend Purchased Share sold for £3.10 = £3.10
Total £136.40
Remember that you have to pay a trading fee of 0.25% or a minimum of £10.00. 0.25% of £136.40 is £0.34, so the minimum fee of £10 would apply. Therefore, your total proceeds are £136.40-£10 = £126.40.
You will lose the £136.40 value of your 43 Jersey Mirror Matching Shares and 1 Jersey Mirror Dividend Matching Share because you have sold your Purchased Shares and Dividend Purchased Shares before July 2022.
Assuming you have not sold any of your Purchased Shares or Dividend Purchased Shares, the value of the Jersey Mirror Matching Shares and any Jersey Mirror Dividend Matching Shares will be paid to you through the payroll less any tax and social security we are required to withhold.
Assuming a share price of £3.10:
43 Purchased Shares = £133.30
1 Dividend Purchased Share = £3.10
43 Jersey Mirror Matching Shares = £133.30
1 Jersey Mirror Dividend Matching Share = £3.10
Total £272.80
The £136.40 value of your Jersey Mirror Matching Shares and Jersey Mirror Dividend Matching Shares will be paid to you in cash less any tax and social security we are required to withhold. Your Purchased Shares and any Purchased Share Dividend are yours to continue to hold and maintain as a Kingfisher plc shareholder or sell if you wish.
For as long as you keep your shares, if dividends are paid they will be calculated based on your total number of shares and used to buy additional shares.
When you sell your shares, the value will be calculated based on the share price less any trading fee. Remember you may have to pay additional tax when you sell your shares (see Tax Fact Sheet)
Remember there may still be additional tax to pay on your Purchased Shares and Purchased Dividend Shares (see Tax Fact Sheet).
Additional resources
Is the 1+1 Plan right for me – Jersey
We have set up the 1+1 Plan because we believe that as a responsible business, it’s part of our DNA to be inclusive and offer each and every one of our 77,000 employees the opportunity to become shareholders. Because we’re a responsible business, we are also mindful of all of our colleagues’ wellbeing, including financial. In some cases, and especially in difficult economic contexts, joining the 1+1 Plan may not be the right thing for you.
We’d be excited if you decided to join, but only if you feel this is right for you, as your wellbeing is of paramount importance to Kingfisher. You can also change your mind – but please note that once you opt out of the 1+1 Plan, you can’t come back.
What’s the best way to make the decision?
Talk it out – with your friends and family especially. Ask yourself questions, for example:
- Can I afford to contribute every month for 4 months?
- What is my likely reaction if the value of my shares drops?
And finally, make sure you understand about the 1+1 Plan, which is all on this page, including a list of frequently asked questions.
Joining the 1+1 Plan is your decision – and yours alone.
Need Support?
Contact usDisclaimer
Consent for the operation of this plan has been granted by the Jersey Financial Services Commission. The Commission is protected by the Control of Borrowing (Jersey) Law 1947, as amended, against liability arising from the discharge of its functions under that Law.
Please read the Jersey Sub-Plan Terms and Conditions and Jersey Sub-Plan Rules before participating in the '1+1 Sharing in Our Future' Plan. You will be deemed to have read these documents and to agree to all Terms and Conditions and the Rules if you apply.
As with any investment, it is important to note that there are risks in owning your Purchased Shares and Mirror Matching Shares. While the trading price of these shares can go up, the trading price can go down as well.
This information on this site does not constitute the giving of investment advice, nor a part of any advice on investment decisions. If you are in any doubt about the contents of this document or what action you should take, you are recommended to seek your own personal financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser duly authorised under the Financial Services and Markets Act 2000 if you are resident in the United Kingdom or another appropriately authorised independent financial adviser if you are taking advice in a territory outside the United Kingdom.
Please note, neither the Company, nor any of its executives or advisers are providing you with legal or tax advice in connection with the 1+1 Plan. If you feel that you need legal or tax advice you should seek your own personal advice from an appropriately qualified person.
