If you joined in 2018 for 5 years or in 2020 for 3 years, your ShareSave is now complete!
Congratulations! You can now choose what to do with your savings. Now you've reached your maturity date, you have 6 months to…
- Log into EquatePlus.com or the EquateMobile App
- Go to 'Your Tasks'
- Choose from one of the following options.
Note: if you have more than one ShareSave that's now complete, you'll need to make a decision and complete an instruction on each of them separately.
Your choices
Use your savings to buy Kingfisher shares which will be transferred and kept safely in the Sharestore on your EquatePlus account. Once you have bought the shares you have several choices:
- Remain a shareholder: you can receive dividends, vote at the company's AGM and benefit from any share price increase (although remember, the share price can also go down).
- Transfer to a spouse: you can gift your shares to a spouse or civil partner.
Shares you choose to keep will automatically be held electronically on your behalf. This is a service set up by Kingfisher to make it easier for you to be a shareholder in the Company. It offers the following benefits:
- No annual fee for the service.
- Hold and view your shareholding online: EquatePlus.com.
- Sell your shares at any time. Note that a dealing fee might be applicable.
- Sale proceeds are paid straight into the bank account you have nominated on your EquatePlus account.
For more information, see 'Share Plan Account Terms and Conditions' on the Library tab in the Agreements section on EquatePlus.
- Kingfisher cannot advise you whether to buy or sell your shares. If you need any advice, please contact an independent financial advisor.
- The price of shares can go down as well as up.
You can transfer some or all of your shares to your spouse or civil partner by way of a gift.
If you wish to do this, you will need to:
- Transfer your shares from the Kingfisher ShareStore Account to a share certificate; and then
- Complete the transfer process by contacting Kingfisher's Registrar, Computershare Investor Services PLC on +44(0)370 702 0129.
Use your savings to buy Kingfisher shares and sell them all straight away using the EquatePlus real time dealing service.
Features of the EquatePlus share dealing service:
- 0.35% dealing commission (£20 minimum charge).
- Online real-time share dealing at: EquatePlus.com
- Sale proceeds transferred to your bank within 2 working days.
- Global Payment Services Terms and Conditions can be found on the Library tab in the Agreements section on EquatePlus.
- Kingfisher cannot advise you whether to buy or sell your shares. If you need any advice, please contact an independent financial advisor.
- The price of shares can go down as well as up.
Choose to withdraw your savings. This means you will not purchase any shares and your savings will be returned directly to your bank account*. Requests are processed on Monday each week, after which it can take between 3-5 days for your savings to appear in your bank account. If you change your mind and decide that you want to buy shares at the option price, you still can within six months from the time your ShareSave matures. In this case, you'll need to contact the Computershare Helpline on 0808 234 3577 and arrange to pay back your savings.
* Make sure your bank account details are up to date in the 'Financial Details' section on EquatePlus.
Actions
Now you've taken a look at the different choices you have, you just need to let us know what you'd like to do by visiting EquatePlus.com
You have six months to make a decision:
1 December 2023 — 31 May 2024
Don't miss your opportunity — if you do not submit your decision within six months of your maturity date, your chance to buy Kingfisher shares at the option price will pass you by. You will then need to submit to withdraw your savings on the EquatePlus Portal or EquateMobile App to receive your savings back after the six months period.
But what if?
You have not completed all your contributions?
No problem, this just means that provided you are making up for the missed payment(s), the maturity of your ShareSave will be delayed by the same number of months you have missed. You will still have six months from the maturity date to decide whether to exercise or withdraw your savings. Log in to EquatePlus to find out how much you have saved.
You can't find your User ID to log in to EquatePlus?
To log in to the EquatePlus Portal or EquateMobile App you'll need your User ID and Password. If you no longer have these details available, you can request for these to be sent to your email address from the log in page (if your email address has been previously registered on the portal) or call the helpdesk on 0808 234 3577.
FAQ
Simply go to your 'Financial details' on your EquatePlus account, this is located under your Profile on the website and on 'More' tab on the app.
You can visit your 'Tasks' to make sure your election has been taken into account. This is located under 'Library'. You will receive email notifications from Computershare confirming that your transaction has been requested and when any advice note is available.
Once you have made your election on EquatePlus it will be processed in real time and your action is irreversible. However, if you withdraw your savings then change your mind you can contact Computershare to check if you can exercise or exercise and sell. This might involve sending your savings back and making another transaction. This process can take up to 10 working days, and could take longer. That is why you have to be sure of what you would like to do before placing your instruction.
In Jersey, Guernsey and the Isle of Man, the tax liability on ShareSave takes place when the Options are granted at the start of the plan, so there is no further tax liability at maturity. However, you may incur tax on any dividends you receive if you decide to keep your shares.
If you decide to keep your shares (option 1)
There is no tax to pay when you exercise your Options and keep your shares. As a shareholder, you are entitled to dividends when Kingfisher pays them (although these are not guaranteed). A dividend is a share of the company's profits which is paid to shareholders typically twice a year. Dividends are reportable as part of your annual tax return, to ensure the appropriate amount of tax is applied.
If you decide to Exercise and Sell (option 2)
There is no tax to pay when you exercise your Options. Capital gains tax does not apply therefore there is no tax to pay when selling your shares.
If you decide to Withdraw your savings (option 3)
There will be no tax to pay.
You must comply with the Kingfisher Group Share Dealing Policy at all times. You can access the policy here. It is important that you have fully considered your adherence to the Group Share Dealing Policy before you submit any transaction or election request on EquatePlus. By submitting a request on EquatePlus, you confirm that you have complied with the Group Share Dealing Policy.
You would have been informed by the Group Company Secretariat. You can email secretariat@kingfisher.com if you have any questions.
Buying, selling, or transferring shares resulting from any Kingfisher share plan and held on EquatePlus (even to a spouse or partner) constitutes share dealing. Individuals must comply with the Group Share Dealing Policy and Kingfisher Restricted Employees must seek clearance before they do it.
Withdrawing savings from the ShareSave Plan constitutes an investment decision. Individuals must comply with the Group Share Dealing Policy and Kingfisher Restricted Employees must seek clearance before they do it.
You can place a dealing request at www.kingfisherportal.com using your work asset (i.e. laptop etc.).
Kingfisher Shares Calculator
1. How much did you save per month?
Monthly savings amount
2. Which ShareSave did you join?
This determines the fixed 20% discounted Option price that was set at the beginning of your savings contract.
This is the price that you can now purchase Kingfisher shares at.
Discounted Option price
3. Indicative market price
share price:
| Your ShareSave | 3 years |
| Total amount saved | £0.00 |
| Total shares you can buy at the discounted Option price | 0 |
| Estimated total value (total shares x share price) | £0.00 |
| Estimated gain/loss (estimated value - total savings) | £0.00 |
This calculator is for guidance only.
The above calculator is for guidance only and does not constitute advice. The current share price may not be the price you receive if you were to purchase the shares as the market price at time of trading may be different as the market fluctuates.
The information contained in this site is for general guidance only and is not a definitive or comprehensive statement of the tax rules and is correct as at November 2023. If you're in any doubt as to your tax position or what action you should take, you should consult an appropriately qualified professional adviser. In the event of any conflict between this information, the Plan Rules and any applicable legislation — the Plan Rules and any applicable legislation will prevail. Kingfisher plc is not responsible for the results of any actions which you may take or fail to take on the basis of the information which is contained within this guidance, nor for any error in, or omission from, this guidance. Kingfisher plc expressly disclaims all and any liability to you if you act or fail to act as a consequence of any reliance upon the whole or any part of the contents of this guidance. Accordingly, you should not act or rely upon any matter or information as contained or implied within this guidance without first obtaining advice from an appropriately qualified professional person.
Existing share plan participants
Visit EquatePlus to see details of your current share plans
