All colleagues who are employed on 22 September 2020 in eligible Kingfisher locations are eligible to join the 1+1 Sharing in Our Future Plan. To fully benefit you need to be employed until July 2022.

You will receive an invitation letter depending on your eligibility. This letter will contain your log on ID for the EquatePlus portal. If you don't already have a password these will be sent one in a separate letter. If you can't find your password or need help, you can call the Computershare helpdesk on 0808 234 3577. Once you log on to equateplus.com there are a few simple enrolment steps to follow.

Monthly contributions will be deducted from salaries from Jan 2021 to June 2021 inclusive. In Hong Kong there is a slightly different process.

This plan is a one off, announced by Thierry with the half year results. There may be opportunities to join similar plan in the future, but the plan is not designed to have an annual enrolment period.

No. When you join the plan, you are committing to invest an equal and regular amount of contributions for a total period of 6 months commencing in January 2021 to June 2021 inclusive and will therefore be unable to vary your contributions. There is a slightly different process for Hong Kong. However, if your personal circumstances change during the contribution period, you can leave the plan at any time and request a refund of contributions, however the exact amount refunded will depend on the exchange rates at the time of contribution and the time of refunding.

UK £10 to £250 France €10 to €250 Ireland €10 to €250 Poland ZL50 to ZL1,250 Portugal €10 to €250 Spain €10 to €250 Turkey TRY100 to TRY2,500 In some countries there are limits on the amount colleagues can contribute based on a % of monthly salary. We will let them know which countries are impacted.

The Global Share Plan will be known as the Kingfisher 1+1 Sharing in Our Future plan. Also known as the 1+1 Plan.

12 October 2020 - 20 November 2020

The 1+1 Plan is a one-off plan linked to the announcement of the Half Year results on 22 September 2020 and open to all eligible colleagues who are employed on that date. We may launch a similar plan again in the future so if you were not able to join this plan you may be able to join a future plan.

The Holding Period for the Kingfisher 1+1 Sharing in Our Future plan is a 12 month period commencing in July 2021 and ending in July 2022. If you choose to sell your Purchased Shares during the Holding Period, you will not be able to benefit from the Matching Shares. If you keep your Purchased Shares to the end of the Holding Period you will qualify for the Matching Shares and you will be able to keep or sell your shares as you wish. In Romania shares will be automatically sold at the end of the Holding Period.

Contributions are made from your net salary after all the relevant deductions have been made. There is a slightly different process in Hong Kong, due to legislative constraints.

In order to qualify for the Matching Shares you must keep the Purchased Shares for 12-months and therefore the Matching Shares appear as "locked" on the EquatePlus portal. You can sell your Purchased Shares at any time but remember if you do so you will not benefit from the Matching Shares. After the 12-month Holding Period you may sell both the Purchased Shares and the Matching Shares and any associated dividend shares. In Romania your shares will be automatically sold at the end of the Holding Period.

The EquatePlus Portal and the kingfisher-shareplan.com (1+1 microsite) contain a lot of information. If you are still unable to find what you need you can call the Computershare helpline 24/7 Monday to Friday. Colleagues will have the opportunity to select their language preference when they speak to an advisor. Questions about the plan should be directed to your manager.

If you sell your Purchased Shares before the end of the Holding Period you will incur a trading fee of 0.25% subject to a minimum fee of £10. At the end of the Holding Period, providing you have kept your Purchased Shares the Matching Shares will be transferred to you. At that point Computershare will sell broadly enough shares to cover the tax due on the Matching Shares (with a payroll true up if necessary). The sell to cover is only in countries where there is a requirement for us to withhold taxes. If you sell either your Purchased Shares or the Matching Shares after this point, or of you are in Romania and your shares are automatically sold at the end of the Holding Period, you will incur a trading fee of 0.25% subject to a minimum of £10. If you request proceeds in any currency other than Pounds Sterling, you will incur a small currency exchange fee.

Yes. The plan is open to all full time, part time and fixed term contract colleagues providing you were employed on 22 September 2020.

Provided that you are receiving sufficient salary to cover your contribution, your payments will continue to be taken as normal. If you are worried that your pay will not cover your contribution, then you should speak to your local payroll team about whether it is possible to pay the contributions in a different way. If something unexpected happens and you decide you want to stop making contributions, then you can do so at any time, but you will leave the plan and not be able to re-join.

No. If you miss a monthly contribution you will not be able to make up the amount at a later date and this will unfortunately result in you having to leave the plan and your contributions being returned to you.

Our third-party provider, Computershare, will hold all contributions in Pounds Sterling for the duration of the Kingfisher 1+1 Sharing in Our Future Plan. The process for Hong Kong will differ.

To take part in the plan, you will need to contribute 6 equal and regular monthly contributions starting in January 2021 and ending in June 2021 inclusive. There is a slightly different process for Hong Kong.

Once the Purchased Shares have been bought, you can sell them, or any purchased dividends at any time but remember that if you sell them within 12-months you will not be eligible to benefit for the Matching Shares or Matching Share dividends.

In order to qualify for the Matching Shares you must keep the Purchased Shares for 12-months and therefore the Matching Shares appear as "locked" on the EquatePlus portal. You can sell your Purchased Shares at any time but remember if you do so you will not benefit from the Matched Shares. After the 12-month Holding Period you may sell both the Purchased Shares, Purchased Share Dividends and the Matched Shares and any associated dividend shares. In Romania your shares will be automatically sold at the end of the Holding Period.

If we are required to do so, which we are in most countries, we will sell enough shares to cover any tax and social security due on the Matching Shares and associated dividends. The tax and social security will be processed through payroll to make sure you have paid the right amount. There may be a small adjustment to your pay to ensure you have paid the right amount of tax

After becoming a shareholder, there are periods of time which are known as 'open and closed periods'. An example of a closed period is the time between the completion of a listed company's financial results to the City and announcing these results to the public. Any colleague on the Kingfisher Restricted List will be unable to trade in share during a Closed Period and will be required to seek permission to deal in an Open Period. We will let you know if you are impacted by this.

A dividend is a small payment for each share owned which may be made to shareholders depending on Kingfisher's performance. For Kingfisher they are made, (if they are made), in May and November and in order to qualify you have to own shares at the Record Date for each dividend. They will be used to purchase additional shares. Any residual funds will be rolled forward until the next dividend issue.

Purchased Shares are those purchased with your contributions at the end of the contribution period in July 2021 when they will be visible on the portal.

Matching Shares are allocated to your account at the end of the contribution period at the beginning of July 2021. They represent a one to one match for your Purchased Shares. They will be visible on the portal in July, and like your Purchased Shares will attract dividends. They will not however, transfer to you until the end of the Holding Period in July 2022 at which point, if we are required to do so, which we are in most countries, we will sell enough shares to cover any tax and social security due on the Matching Shares. The tax and social security will be processed through payroll to make sure you have paid the right amount. There may be a small adjustment to your pay to ensure you have paid the right amount of tax. In Romania all your shares will be automatically sold at the end of the Holding period.

No. Computershare can only be used to buy and administer shares under the Company's share plans.

Once you own Purchased Shares, they are real shares, and their value will change relative to the share price. If the Kingfisher plc share price (on the London Stock Exchange) increases, the value of your Purchased Shares will increase. If the share price goes down, then the value of your Purchased Shares will reduce. The actual share price changes many times a day as people around the world buy and sell shares. However, you must understand that your Purchased Shares will be impacted by these changes and the value could go down as well as up. Your Matching Shares will also track the share price and their value may go up and down depending on the share price. However, they will only transfer to you if you have kept your Purchased Shares and any associated dividend shares until the end of the 12 month Holding Period.

No. As a Kingfisher Shareholder, regardless of where the shares are held, you are entitled to the same rights.

Your local payroll team will be able to tell you what payroll code they have used to show your contribution deduction.

Computershare Limited are a successful global financial administration company. They are administering the 1+1 Plan for us. They employ over 12000 people across 90 offices around the world and provide services in over 20 countries to more than 25000 clients and their 75 million customers.

EquatePlus is the name of the Portal that Computershare will use to administer the 1+1 Plan.

No, the only cost to you for using EquatePlus is the fees to be incurred on selling shares - see separate question covering fees for selling shares.

Neither Kingfisher plc, your Line Manager or Computershare can give you financial advice. For personal financial help or advice you need to speak to an Independent Financial Advisor (IFA) who can look at your circumstances and help you plan what's best for you. These Q&As, or any of the other Plan documentation 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 Q&A or any of the other documents 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.

No, shares will be automatically sold to cover the tax at the end of the holding period. We are doing this to make the process as simple as possible for colleagues who may not have owned shares before

The Purchased Shares will be bought at market price on the pre-determined purchase date (July 2021).

The Matching Shares will show in your EquatePlus account from early July 2021. They will show as locked until the end of the Holding Period when they will transfer to you and you will be free to continue to hold them or sell them. In Romania all of your shares will be automatically sold at the end of the Holding Period.

The future value of Kingfisher shares is unknown and cannot be predicted. We therefore cannot confirm what value you may receive under the 1+1 Plan as it depends on the movement of the Kingfisher share price. Like any other investment you make, the price of Kingfisher shares can go down as well as up. Please refer to the worked examples on the micro site.

The contribution levels are set at the beginning of the enrolment period. Contributions will be made in local currency but converted into Pounds Sterling each month at the prevailing exchange rate. This means that the actual number of Purchased Shares that you receive after the end of the contribution period will be dependent on three things: the amount of your contributions, the monthly exchange rate and the actual market Kingfisher plc share price at the time the shares are purchased.

The EquatePlus Portal can be accessed in the following core languages: English / French / Polish / Spanish / Simplified Chinese / Brazilian Portuguese. Colleagues in Vietnam and Turkey will be able to access the portal in any of the available languages for the duration of the Plan. Colleagues in Romania will be able to access the portal in Romanian and any of the other available languages for the enrolment period. After that separate local arrangements will be made outside the portal which will not continue to support Romanian.

The EquatePlus Portal can be accessed in the following core languages: English / French / Polish / Spanish / Simplified Chinese / Brazilian Portuguese . You can choose whatever language you prefer. Colleagues in Romania will be able to access the portal in Romanian and any of the other available languages for the enrolment period. After that separate local arrangements will be made outside the portal which will not continue to support Romanian.

Once the Purchased Shares have been bought in July 2021 you will be able to see the number of Purchased Shares that you have. You will also see the Matched Shares although you won't be able to access these unless you keep your Purchased Shares for 12-months. If the Company issues any dividends after the Purchased Shares are bought you will be able to see any additional shares bought with the dividends and any additional shares linked to the Matching Shares albeit that you won't be able to access these until you have kept your Purchased Shares for 12-months. You can follow the Kingfisher plc share price in the Investor section of the Kingfisher plc website or on the EquatePlus portal.

Yes. Colleagues can leave the 1+1 Plan at any time. If Colleagues choose to leave the 1+1 Plan during the contribution period, then they will receive a refund of any contributions already made. If they choose to leave after the Purchased Shares have been bought, they may sell their Purchased Shares, but they will lose the right to the Matching Shares and associated dividends.

Leaving the 1+1 Plan constitutes an investment decision and individuals must comply with the Group Share Dealing Policy and Kingfisher Restricted Employees must seek clearance before they leave. Selling or transferring shares (even to a spouse or partner) constitutes share dealing and participants must comply with the Group Share Dealing Policy and Kingfisher Restricted Employees must seek clearance before they do it. You can access the Group Share Dealing Policy here.

If a colleagues chooses to leave the Kingfisher 1+1 Sharing in Our Future plan or resign and leave the business within the six month contribution period, they will have their contributions reimbursed through payroll, however the exact amount refunded will depend on the exchange rates at the time of contribution and the time of refunding. They would need to confirm the date on which they intend to stop their contributions being deducted by logging into the EquatePlus Portal and letting the local payroll team know.

If a colleagues decides that they no longer wish to participate in the Kingfisher 1+1 Sharing in Our Future plan they can withdraw their funds by logging their decision on the EquatePlus Portal. Any contributions will be reimbursed via payroll in the next available pay run, however the exact amount refunded will depend on the exchange rates at the time of contribution and the time of refunding.

If you are made redundant during the contribution period your contributions will be returned to you and you will leave the plan, however the exact amount refunded will depend on the exchange rates at the time of contribution and the time of refunding. If you are made redundant after the Purchase Shares are bought, then providing you don't sell your Purchased Shares during the 12-months Holding Period you will still be eligible to receive the Matching Shares. You will then have 6 months to sell or transfer your Purchase and Matching Shares and the associated dividend shares.

Your account will be deleted within a fixed period if you choose to leave the scheme. If you are employed in the UK and eligible to participate in the ShaveSave and Sharebuild plans any details associated with the 1+1 Plan will be deleted but your account will remain available to you.

If you leave after the Holding Period, you will have to transfer your Purchased Shares from the portal or alternatively sell them within 6-months of leaving the company. In Romania, your shares will be automatically sold at the end of the Holding Period

If you leave Kingfisher during the 6-month contribution period, you cannot participate in the 1+1 Plan and your monthly contributions will be returned to you via payroll. If you leave once your contributions have been used to buy Purchased Shares but before July 2022, then you must usually sell or transfer your Purchased Shares out of your EquatePlus account within 6 months of you leaving employment. Whether you will still receive ownership of the additional Matching Shares in July 2022 depends on why you have left employment. If you resign, then you will lose the right to own the Matching Shares and any Dividend Matching Shares. If you leave because you are made redundant, retire with the agreement of the company or in other circumstances where you are deemed to be a “good leaver”, ownership of your Matching Shares and any Dividend Matching Shares will usually be transferred to you in July 2022, provided you have not sold any of your Purchased Shares or any Dividend Shares at that time. In this circumstance, you must sell or transfer your Kingfisher shares from your EquatePlus account within 6 months of the date you become owner of the Matching Shares. If you leave after July 2022 then you can keep or sell your Purchased and Matching Shares as you choose but you will need to transfer them out of your EquatePlus account or sell them within 6 months of leaving employment.

Please see our Leavers page for more information.