Your journey with the 2020 1+1 Sharing in Our Future Plan is at a key stage
Your journey in our 2020 1+1 Plan has progressed. The Mirror Matching Shares and any associated dividends Kingfisher gave to you come out of their ‘Hold’ period on 21 July 2022. Find out what this means for you and what your next steps are.
Kingfisher's current share price
See moreYour 1+1 Plan journey so far…
In late 2020, you joined the Plan. From January to June 2021 you made monthly contributions. In July 2021, your Mirror Purchased Shares were allocated with your contributions – and you became a Kingfisher mirror shareholder.
Kingfisher gave you a free share for every Mirror Purchased Share you bought with Mirror Matching Shares, but to access those you had to keep your Mirror Purchased Shares in the Plan (or ‘hold’ them) for twelve months. In that time, you’ve received extra mirror shares when mirror dividends were paid.
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Try our interactive tool to calculate what your 1+1 Plan could be worth
Like many others, our share price has been affected by global circumstances. You may wish to check the current share price and try our interactive tool to calculate what your 1+1 Plan could be worth based on the number of mirror shares you hold.
What do I need to do next?
On 21 July the 12-month ‘Hold’ period on your Kingfisher mirror shares will end, meaning they’ll unlock. As soon as practicable afterwards you will receive a mirror plan statement followed by a payment through the next available payroll representing the value of the Mirror Purchased Shares allocated from your contributions, the Mirror Matching Shares, and any associated mirror dividends, based on the share price at the time.
…and what about tax?
Tax will be due on your Mirror Matching Shares and Mirror Matching Dividend Shares at the point of cash-out and so the tax will be deducted and paid over through payroll.
There are tax consequences of participating in the 1+1 Plan which vary according to your location and personal circumstances. You can view the Tax Guide for Vietnam here. It is important that you read it because you may need to take action.
If you feel that you need legal or tax advice you should seek your own personal advice from an appropriately qualified person.