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 Jersey 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 early 2021, you joined the Plan. From March to June 2021 you made monthly contributions. In July 2021, your Purchased Shares were bought with your contributions – and you became a Kingfisher shareholder.
Kingfisher gave you a free share for every Purchased Share you bought with Jersey Mirror Matching Shares, but to access those you had to keep your Purchased Shares in the Plan (or ‘hold’ them) for twelve months. In that time, you’ve received extra shares when dividends were paid.
From 21 July 2022 the hold period ends. The value (relative to the actual Kingfisher plc share price) of the Jersey Mirror Matching Shares and any Jersey Mirror Dividend Matching Shares will be paid to you through the next available payroll less tax and social security we are required to withhold. You’ll be able to access all your remaining shares – your Purchased Shares and any Dividend Purchased Shares. From 21 July 2022, you can choose whether to sell your shares, transfer them, or keep them and stay on the journey as a Kingfisher shareholder.
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What you can do next
You’ll have full ownership of all of your remaining shares from 21 July 2022. At this point, you can:
- Keep some or all of your shares and stay on your journey as a Kingfisher shareholder. You’ll continue to receive dividends which will be reinvested into additional shares, and you’ll be able to vote at Annual General Meetings.
- Sell your shares.
- Transfer your shares.
What’s right for you will depend on your individual circumstances. When making a decision, just remember that share prices can go down as well as up, and are affected by both internal and external factors.
Whilst we can’t offer advice, to help you decide what is best for you, we’ve provided regular insights and information about being a Kingfisher shareholder throughout your journey. We’ve covered topics such as shares and share prices, Annual General Meetings (AGMs) and dividends, plus tips to help you make the most of your 1+1 Plan. For a recap, check out our 1+1 news and updates. You can also use our interactive tool below to calculate what your 1+1 Plan shares are worth at the current share price.
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 shares you hold, to help you make the best decision for you.
What do I need to do next?
You don’t need to do anything unless you choose to sell or transfer your shares, on or after 21 July. Visit EquatePlus to view your shares, and use our calculator to model outcomes based on different share prices.
If you do decide that it is the right time to sell some or all of your shares then you can do this by logging onto the EquatePlus portal. From the EquatePlus portal you can also view the help section for further guidance and also find out how to contact Computershare if you require support.
Whatever you decide to do next, as a Kingfisher colleague you’re subject to the Group Share Dealing Policy on the Kingfisher intranet. You can read our summary of your responsibilities under the Policy here.
…and what about tax?
When payroll process a payment to you in respect of your Jersey Mirror Matching Shares and Jersey Mirror Dividend Matching Shares they will first make an adjustment for tax to allow employer withholding obligations to be met.
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 Jersey here. It is important that you read it because you may need to take action either at the point that full ownership of your Matching Shares (and any associated dividends) is transferred to you and/or at certain points in the future, for example if and when you sell your Kingfisher shares or when dividends are paid.
If you feel that you need legal or tax advice you should seek your own personal advice from an appropriately qualified person.
